Apr 10, 2019

Ford reshuffles at the top

Joann Muller

Ford CEO James Hackett is splitting responsibilities for fixing the core business and preparing for an uncertain future between his 2 top deputies.

Why it matters: The management changes come as Hackett, nearly 2 years into his job as CEO, is still struggling to get his footing in a fast-changing industry. On Tuesday, Hackett tamped down expectations about self-driving cars in a speech to Detroit-area business leaders.

What's new: Ford named Joe Hinrichs president, Automotive, and Jim Farley president, New Businesses, Technology & Strategy.

Hinrichs, a manufacturing expert, will guide product development, automotive manufacturing and global operations.
Farley, a marketing guru, will lead Ford's future direction, including mobility as a service and driverless vehicles.
Marcy Klevorn, Ford's top-ranking woman, will retire in October, the company said. Until then, she will serve as "chief transformation officer," reporting to Hackett.

Add Axios on Google

Ford reshuffles at the top

What to read next