Incoming Ford CEO Jim Farley (left) and Ford Executive Chairman Bill Ford Jr. pose with a 2021 F-150 during an event Sept. 17, 2020 at the company’s Michigan plant that produces the pickup.
Michael Wayland / CNBC
Ford Motor‘s new CEO Jim Farley is shaking up the company’s top ranks and restructuring operations as the automaker struggles to bolster shareholder confidence and stay relevant in an increasingly competitive market.
Farley, whosucceeds Jim Hackett, is streamlining operations and increasing the company’s focus on key growth areas like autonomous and electric technologies as well as commercial vehicles. The changes come at a pivotal time for Ford. For years, the company has failed to gain Wall Street’s confidence in i…
Read the full article at: https://www.cnbc.com/2020/10/01/new-ford-ceo-jim-farley-announces-restructuring-and-executive-shakeup.html