Ford Names Jim Farley as New CEO, Succeeding Jim Hackett

Ford Motor Co. plans to install Chief Operating Officer Jim Farley as its new CEO, putting the onus on the 58-year-old executive to produce the tangible results that eluded his predecessor Jim Hackett during a three-year run in the top job. The company said Mr. Farley will succeed Mr. Hackett, 65, who is retiring on…

Ford Motor Co. plans to install Chief Operating Officer Jim Farley as its new CEO, putting the onus on the 58-year-old executive to produce the tangible results that eluded his predecessor Jim Hackett during a three-year run in the top job.

The company said Mr. Farley will succeed Mr. Hackett, 65, who is retiring on Oct. 1. Mr. Hackett will remain in an advisory role through next spring, the company said.

During…

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