Ford unveils former office furniture mogul as new CEO

23rd May 2017

Jim Hackett - new Ford CEO

Ford Motor Company has appointed Jim Hackett as its new chief executive officer.

Mr Hackett, 62, has been chosen to lead the automotive giant due to his track record of innovation and business success demonstrated during his 30-year tenure at the helm of office furniture manufacturer Steelcase.

He was also a Ford director for three years before leaving the board to become chairman of Ford’s newly formed Smart Mobility subsidiary in March 2016.

One of Mr Hackett’s main priorities initially will be to modernise Ford’s business by increasing its usage of big data, artificial intelligence, advanced robotics and 3D printing amongst other technologies.

He will also be tasked with sharpening operational execution across the global business to further enhance the quality of Ford’s cars whilst addressing underperforming parts of the business.

Mr Hackett replaces Mark Fields, who is retiring after leading Ford for the past two years and a 28-year career with the company.

Executive chairman Bill Ford thanked Mr Fields for his significant contributions to the company, hailing him as “an outstanding leader [who] deserves a lot of credit for all he has accomplished in his many roles around the globe at Ford”.

Mr Ford credited Mr Fields’ “strong leadership” in Ford’s restructuring in North America, its turnaround at the end of the last decade and record profits for the past two years.

Molly Benton, brand manager at Fuel Card Services, adds: “Ford has been the number one car manufacturer in Britain for many years and the Fiesta has been the best-selling model for about as long too.

“We’re sure that under new leadership, Ford will continue to remain a massive name within the UK automotive marketplace.”