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Posts Tagged ‘Ford CEO Jim Hackett’

Ford CEO Hackett Says “No Dumb Cars” in the Future

Top exec believes automaker must evolve with technology.

by on Nov.09, 2017

Ford CEO Jim Hackett, right, told attendees at the Michigan CEO Summit that evolving with technology is key to the automaker's long-term growth.

Ford CEO Jim Hackett today continued to push his belief that automakers must evolve or be left by the roadside when it comes to mobility and technology.

“Ford’s future is not about giving up the car,” Jim Hackett, the automaker’s chief executive officer, said at the Business Leaders for Michigan’s 2017 Michigan CEO Summit in Detroit. “I’m here to tell you that. I’ve told the company that, but there’s no dumb cars in the future.”

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Hackett assured attendees that Ford will be a part of that future, but it will require some forward thinking not only of the part of employees, but also by investors as well. He used a simple chart showing the evolution of how mail and packages were sent across the country to make his point.  (more…)

Ford Profits Rise 63 Percent in Third Quarter

Truck sales, cost cutting helps lead the way.

by on Oct.26, 2017

Ford CEO Jim Hackett said the company is getting itself in a better position for the future with its Q3 results.

This story has been updated with new information.

Ford enjoyed a strong third quarter, reporting a 63% rise in net income to $1.6 billion, or 39 cents per share, on revenue of $36.5 billion, largely on cost control measures and strong truck sales in North America.

The company’s operating profit for the third quarter was $2 billion or 43 cents per share, which was up 40% compared with year-ago period.

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“I want to smile with the results today because we’re going to build on this going forward,” said Ford CEO Jim Hackett during a conference call.  (more…)

New Ford CEO Hackett Draws Comparisons to Former Chief Mulally

Bill Ford praises new leader, commends newly "retired" Fields.

by on May.22, 2017

Jim Hackett, left, and Bill Ford, right, during Hackett's introduction as President and CEO.

Ford Motor Co. officially named Jim Hackett as its new president and chief executive officer and with his experience outside of the automotive world, the appointment immediately called to mind another recent Ford CEO — Alan Mulally.

Bill Ford, the company’s executive chairman and great grandson of the company’s founder, alluded to Mulally’s appointment as CEO during the press conference. Mulally infused Ford with a sense of optimism that it could and would win and he firmly believes Hackett can now do the same thing, said Ford, who indicated that more changes in the ranks of the company’s senior management will be forthcoming in next few weeks as the shakeup continues.

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Hackett, 62, has a long track record of innovation and business success as CEO of Steelcase, interim Athletic Director at the University of Michigan and executive chairman of Ford Smart Mobility LLC since March 2016. (more…)