Jim Hackett Named New Ford CEO in Leadership Shakeup
Mark Fields opts for early retirement, Farley, Hinrichs get EVP positions
In a somewhat unexpected executive shakeup, Ford Motor Company has announced Jim Hackett as the company’s new president and CEO, succeeding Mark Fields, who is opting for retirement after a 28-year career with the company. Hackett’s career background is diverse, including serving as CEO of office furniture maker Steelcase, and more recently as interim athletic director at the University of Michigan. Hackett is widely credited with convincing San Francisco 49ers head coach Jim Harbaugh to return to his alma mater to coach the Big 10 powerhouse football team. Most recently he has led Ford Smart Mobility LLC since March 2016. Hackett has served on Ford’s board of directors since 2013.
Hackett’s ascension to the CEO role is just one of many changes taking place among the Ford executive ranks. Other key changes in Dearborn’s C-suite include the naming of Jim Farley to executive vice president and president of global markets, overseeing the Americas, Europe, Middle East, Africa, and Asian Pacific regions. Farley will also oversee the Lincoln division and global marketing, sales, and service. Joe Hinrichs is moving from EVP of the Americas to EVP and president of global operations. In his new role Hinrichs will oversee global product development, manufacturing and labor affairs, quality, purchasing, and sustainability. Marcy Klevorn is named EVP and president of mobility, succeeding Hackett. Klevorn previously served as group vice president of I.T. and chief information officer since January 2017.
Other management changes include Mark Truby succeeding Ray Day as vice president of communications, and Paul Ballew as global chief data and analytics officer. Ballew will report to Klevorn in his new position. Additional management changes are expected in the months ahead and will be announced at a later date.