Ford's CEO Switch-Out Shows that the Automaker is Still a Family Business — and that Bill Ford is Still in Charge - Business Insider -BoardProspects

Ford's CEO Switch-Out Shows that the Automaker is Still a Family Business — and that Bill Ford is Still in Charge

Business Insider Aug 4 2020 BoardBlogs
- Ford announced on Tuesday that CEO Jim Hackett will retire October 1 and be replaced by current COO Jim Farley.
- Ford remains a family business, overseen by Bill Ford, the company's chairman and great-grandson of founder Henry Ford.
- The carmaker's share price has been in decline for years, through three different CEOs. The Ford family still controls the company — and relies on the stock...
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Quotes
1. I thank him for his brave leadership and his friendship.
2. My closest ally in this was Bill Ford.
Topics Mentioned
- Board of directors
- CEO
- COVID-19
- Europe
- California
- Wall Street
- Ford
- retire
- Tesla
- Silicon Valley
- Boeing
- Jim Hackett
- CFO
- Jim Farley
- Mark Fields
- GM
- VW
- stake
- Founder
Authors
- Matthew Debord (Feedback@Businessinsider.Com)