Ford, from October Farley will be the new president and CEO

 Starting on October 1st, Jim Farley will be Jim Hackett's successor as president and CEO of the Ford Motor Company.

The number one who has led the company's transformation since 2017 will thus leave his chair to Farley, who will join the board of directors. Hackett, 65, and Farley, 58, will work together for a gradual transition of leadership over the next two months. Under Hackett's leadership, Ford has moved aggressively into the new era of intelligent vehicles and has focused more on the focus on the wishes and needs of customers. At the same time, Ford improved the suitability of the core business through a series of restructuring operations, strengthening the product portfolio and reducing bureaucracy. "I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future," said Ford executive chairman Bill Ford. Our new product vision - driven by the Mustang Mach-E, the new F-150 and Bronco family - is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more agile, which was evident when we mobilized quickly to create life-saving equipment at the start of the pandemic. '' Farley has worked with Hackett for the past three years to develop and execute Ford's plan to create Ford to turn Ford into a higher growth, higher margin business. Farley joined Ford in 2007 as the global head of Marketing and Sales and continued to lead Lincoln, Ford South America, Ford Europe and all Ford global markets in successive roles. In April 2019, Farley was chosen to lead Ford's New Business, Technology & Strategy team, helping the company determine how to take advantage of powerful forces that reshape the industry, such as software platforms, connectivity, artificial intelligence, automation and new forms of propulsion. He was appointed chief operating officer in February of this year. Hackett, who will continue as a special adviser to Ford until March 2021, said that "it was time to pass the cloak of leadership to Jim Farley." '' My goal when I took on the role of CEO was to prepare Ford to win in the future - said Hackett -. The most difficult thing for a proud and long-lasting company to do is change to face the challenges of the world it is entering rather than the world it has known. I am very proud of how far we have come; to create a modern Ford and am very optimistic about the future. I have worked side by side with Jim Farley for the past three years and I have the utmost confidence in him as a person and as a leader - said Hackett -. He helped create our new product portfolio and redesigned our businesses around the world. He is also a change agent with a deep knowledge of how to drive Ford in this new era defined by intelligent vehicles in an intelligent world. ''