Ford CEO Jim Hackett Resigns

Ford CEO Jim Hackett Resigns 2
Jim Hackett

Ford made the announced on Tuesday that Jim Hackett would resign as the Chief Executive and be replaced by Jim Farley who is the longtime auto executive as the car giant pushes further into digital and electric investment.

Jim Hackett, who is 65years will hand over to Jim Farley, who is 58 years , he will resume duty as Ford new CEO on October 1, but stay on as a special advisor through March 2021. Farley joined Ford in 2007 after a long tenure at Toyota and currently serves as chief operating officer.

Hackett joined Ford in 2017 from furniture company Steelcase and was known for his skills in turning around struggling organisations.

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