Chief Operating Officer Jim Farley will take the helm of the U.S. automaker on Oct. 1.
Hackett has been CEO since 2017, and he will continue to advise Farley through March 2021, Ford said.
“I have worked side-by-side with Jim Farley for the past three years and have the greatest confidence in him as a person and a leader,” Hackett said in the release. “He has been instrumental in crafting our new product portfolio and redesigning our businesses around the world. He is also a change agent with a deep understanding of how to lead Ford in this new era defined by smart vehicles in a smart world.”
Article by: Hannah Denham, Washington Post