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Boss 302 - Racing Legend to Modern Muscle Car
Ford CEO Jim Hackett is stepping down effective Oct. 1 as the automaker's turnaround plan has shown no signs of appeasing investors.
Shares rose over 3 percent on the announcement.
Hackett will be replaced by chief operating officer Jim Farley, who oversees the automaker’s global operations and has been behind recent product revamps including the relaunch of the Ford Bronco. Farley and Hackett will work closely over the next two months to ensure a smooth transition.
Shares rose over 3 percent on the announcement.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| F | FORD MOTOR COMPANY | 6.89 | +0.20 | +2.92% |
Hackett will be replaced by chief operating officer Jim Farley, who oversees the automaker’s global operations and has been behind recent product revamps including the relaunch of the Ford Bronco. Farley and Hackett will work closely over the next two months to ensure a smooth transition.
