Ford Motor Company has named Jim Hackett named as its new president and chief executive, succeeding Mark Fields, who is retiring.
Hackett, who has lead Ford Smart Mobility LLC since March 2016, will report to executive chairman Bill Ford.
“We’re moving from a position of strength to transform Ford for the future,” Bill Ford says.

“Jim Hackett is the right chief executive to lead Ford during this transformative period for the auto industry and the broader mobility space.”
Hackett, together with Bill Ford, will focus on several priorities including transforming the company so it is ready for industry changes.
Other new appointments include Jim Farley taking on the role of executive vice president and president, global markets, Joe Hinrichs becoming executive vice president and president, global operations, and Marcy Klevorn being appointed executive vice president and president, mobility.
A Ford New Zealand spokesman says despite the changes, it is business as usual here.
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