The carmaker Ford has been facing problems in recent years and restructuring has spread in the middle, with the aim of consolidating the company and modernizing its product range, the AP agency wrote. In addition, this year, the company, like other car manufacturers, has a negative impact of the coronavirus crisis.
Hackett replaced Mark Fields in May 2017 at Ford. Board Chairman Bill Ford, a descendant of Henry Ford’s founder, praised Hackett for modernizing the company and cutting red tape. Critics, on the other hand, pointed to his little experience in the automotive industry, having worked for Fordcase office furniture maker for thirty years before moving to Ford. According to magaznu QuattroruoteHackett never came to terms with his resignation, and in the burrow of this year, on the contrary, he stated that he wanted to stay with Ford for a long time.
Hackett’s official retirement, however, is no secret that there has been dissatisfaction among Ford’s shareholders for some time, and Jim Farley has been talking about its replacement since the spring. That turned into a certain sweat when Ford, a longtime CEO, left his longtime CEO Joe Hinrichs and was replaced by Farley, comments magazn Autoweek. Jim Hackett resigned amid the transformation of the American automaker in one of its worst business years at a time when the consequences of a coronavirus pandemic are to be felt. Ford is behind in electrification.
Since its chairman, Bill Ford, was elected CEO, Ford shares have lost 40% of their value and have fallen to a minimum since the Great Recession in 2009. Last year alone, they lost 26% and the $ 27 billion capitalization thorn is just a tenth of Tesla Motors’ value. Analysts and shareholders alike expressed dissatisfaction with many of Hackett’s decisions and the direction of the restructuring. American carmaker. In the long run, he continued declining sales in the Pesto Bill Ford company for three years.
Eight-year-old Farley was in charge of developing new products, among other things, as the operations director. He has been working at Ford since 2007, before working for the Japanese carmaker Toyota Motor. In 2015 and 2017, Farley was CEO and President of Ford of Europe. From the autumn, the fourth president will be the American characters from the great crisis in 2008-9, with which Ford sold the best of American brands.
Farley may be the right hunter to deepen co-operation between Ford and the VW Group, as times have changed conditions in Europe and have prepared several co-operation projects. Farley has the reputation of a qualified, politically skilful manager with sharp elbows, which brought him supporters, but so he made him unpopular among colleagues, pe magazn Car week.
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