Ford CEO Jim Hackett to Retire; Jim Farley Named Successor
Ford Motor Company (NYSE: F) announced today that its CEO, Jim Hackett, who has led the company since 2017, has elected to retire. As was widely expected, Hackett will be succeeded by Jim Farley, a longtime Ford executive who became the company's chief operating officer earlier this year. Hackett will serve as a "special advisor" to Ford from Oct. 1 until he retires on March 31, the company said.