FORD APPOINTS JIM HACKETT AS CEO TO STRENGTHEN OPERATIONS, TRANSFORM FOR FUTURE; FARLEY, HINRICHS, KLEVORN TAKE ON NEW ROLES
- Jim Hackett named as Ford Motor Company president and CEO, succeeding Mark Fields, who is retiring. Hackett, who will report to Executive Chairman Bill Ford, is recognized as a transformational business leader
- Hackett led Steelcase Inc.’s turnaround to become the world’s No. 1 office furniture maker, served as interim Athletic Director at University of Michigan and has led Ford Smart Mobility LLC since March 2016. He served on Ford’s board from 2013 to 2016
- Hackett, together with Bill Ford, will focus on three priorities: Sharpening operational execution, modernizing Ford’s present business and transforming the company to meet tomorrow’s challenges
- Ford also named leaders to three new roles under Hackett. Jim Farley is appointed executive vice president and president, Global Markets, Joe Hinrichs is appointed executive vice president and president, Global Operations, and Marcy Klevorn is appointed executive vice president and president, Mobility
- Mark Truby is appointed vice president, Communications, and elected a company officer. He succeeds Ray Day, who plans to retire from the company next year and will provide consulting services until then
- Paul Ballew is appointed vice president and Chief Data and Analytics Officer
Here's what you need to know about Jim Hackett, 61, who is reportedly set to succeed Mark Fields as CEO of Ford Motor after leading the company's Smart Mobility division focused on new innovations in transportation.
He knows what it's like to lead a company that's more than 100 years old.
Hackett served as CEO of Grand Rapids, Mich.-based furniture company Steelcase for nearly two decades before relinquishing the post in early 2014.
He was widely credited with overhauling the company's corporate culture, helping clients redesign their workspaces and taking the then-innovative approach of deemphasizing cubicles in favor of open work environments.
He made considerable cuts at Steelcase, but the moves helped place the company on a sustainable path. To ease the jolt, he met with laid-off employees to provide networking help, according to the Grand Rapids Press.
He views change as critical to a company's survival.
That could be central to his tenure at Ford, where his focus so far has been trained on autonomous vehicle investments and new business opportunities, such as a ride-sharing venture.
Being willing to leave behind the traditional corporate cubicle was key to Steelcase's turnaround.
"It’s a perversity that when you see something changing you think it’s just a flash or a temporary moment," he said in a 2008 interview, according to the Fabricators & Manufacturers Association International. "The system that’s most dominant believes its virtues will keep it from ever being overtaken."
He's not opposed to giving fans what they want.
During a 16-month stretch as interim athletics director at his alma mater, the University of Michigan, his crowning achievement was hiring former Wolverine quarterback Jim Harbaugh as the Michigan football team's head coach.
Fans had been clamoring for Harbaugh, who quickly reestablished Michigan as one of the best football programs in the country.
His upbringing was central to his optimistic Midwestern persona.
"I am the product of wonderful parents who themselves managed through difficult economic times in their lives," Hackett told Steelcase analysts and investors in 2013.
"And what I learned from them was you can always really be cynical and downtrodden, but it takes leadership with inspiration and hope to imagine the brighter side of things. And I believe that I've always seen the promise of our company."
He's close to Bill Ford Jr.
The automaker's executive chairman and great-grandson of founder Henry Ford is a big fan of Hackett.
At a media event in January, they were virtually inseparable. Ford Jr. repeatedly praised the former furniture executive for his outside-the-box thinking and leadership.
Posted by Jonathon Burgess on 22nd May 2017