Wednesday, August 5, 2020
Jim Farley Becomes Ford President, CEO October 1st
Jim Farley, 58, has been named the Ford Motor Company’s new president and CEO and will join the board of directors, effective Oct. 1 when Jim Hackett, 65, who has led the company’s transformation since 2017, plans to retire from the company after continuing as a special advisor to Ford through March of 2021.
Farley joined Ford in 2007 as global head of Marketing and Sales and went on to lead Lincoln, Ford South America, Ford of Europe and all Ford global markets in successive roles. In April 2019, Farley was chosen to lead Ford’s New Businesses, Technology & Strategy team. Farley joined Toyota in 1990 in the strategic planning department and served in several product and marketing positions in the United States and Europe. One of Farley’s most noted accomplishments is his responsibility for the successful launch and rollout of Toyota’s new Scion brand. Farley attended Georgetown University and received an MBA from UCLA.