{"id":116215,"date":"2017-05-22T09:53:35","date_gmt":"2017-05-22T13:53:35","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=116215"},"modified":"2017-05-22T10:53:42","modified_gmt":"2017-05-22T14:53:42","slug":"ford-shaking-up-almost-entire-senior-management-team","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2017\/05\/ford-shaking-up-almost-entire-senior-management-team\/","title":{"rendered":"Ford Shaking Up Almost Entire Senior Management Team"},"content":{"rendered":"<figure id=\"attachment_116218\" aria-describedby=\"caption-attachment-116218\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"\/wp-content\/uploads\/2017\/05\/Jim-Hackett-Ford-Handout.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-116218\" title=\"Jim Hackett - Ford Handout\" src=\"\/wp-content\/uploads\/2017\/05\/Jim-Hackett-Ford-Handout-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a><figcaption id=\"caption-attachment-116218\" class=\"wp-caption-text\">Prior to joining Ford, Jim Hackett was Steelcase CEO and served as Interim U-Michigan Athletic Director.<\/figcaption><\/figure>\n<p>Scrambling to turn around declining sales and earnings and to address broad shareholder concerns, Ford Motor Co. says it will replace CEO Mark Fields while reassigning a number of other senior managers.<\/p>\n<p>The decision to oust the 56-year-old Fields, architect of a broad push into new mobility services, and replace him with former Steelcase CEO Jim Hackett comes just a week after Ford announced plans to eliminate 1,400 salaried jobs in North America and Asia, part of a broader $3 billion cost cutting program.<\/p>\n<figure id=\"attachment_43250\" aria-describedby=\"caption-attachment-43250\" style=\"width: 152px\" class=\"wp-caption alignleft\"><a href=\"\/subscribe\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-43250\" title=\"Subscribe 27\" src=\"\/wp-content\/uploads\/2011\/10\/Subscribe-27.jpg\" alt=\"\" width=\"152\" height=\"91\" srcset=\"https:\/\/thedetroitbureau.com\/wp-content\/uploads\/2011\/10\/Subscribe-27.jpg 152w, https:\/\/thedetroitbureau.com\/wp-content\/uploads\/2011\/10\/Subscribe-27-150x91.jpg 150w\" sizes=\"(max-width: 152px) 100vw, 152px\" \/><\/a><figcaption id=\"caption-attachment-43250\" class=\"wp-caption-text\">Breaking News!<\/figcaption><\/figure>\n<p>Ford Chairman Bill Ford Jr. downplayed any sense of management turmoil in a statement confirming the news reports that had begun to appear late Sunday night, declaring, \u201cWe\u2019re moving from a position of strength to transform Ford for the future.\u201d<!--more--><\/p>\n<p><strong><em>(Ford CEO Fields out. <\/em><span style=\"text-decoration: underline;\"><a href=\"\/2017\/05\/ford-ceo-fields-reportedly-out-in-shake-up\/\">Click Here<\/a><\/span><em> for the initial story.)<\/em><\/strong><\/p>\n<p>But, if anything, the automaker appears to have lost the confidence of its investors \u2013 and, in turn, Fields appears to have lost the confidence of Chairman Ford and the company\u2019s board of directors \u2013 because of the plans that have been put in motion over the last several years. Fields was fond of explaining his goal was to transform the nation\u2019s second-largest automaker into a \u201cmobility company,\u201d rather than just a car manufacturer,\u201d by pushing into connected car technology, ride and car-sharing and autonomous and driverless vehicles.<\/p>\n<figure id=\"attachment_90193\" aria-describedby=\"caption-attachment-90193\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"\/wp-content\/uploads\/2015\/03\/Jim-Farley.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-90193\" title=\"Jim Farley\" src=\"\/wp-content\/uploads\/2015\/03\/Jim-Farley-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/a><figcaption id=\"caption-attachment-90193\" class=\"wp-caption-text\">Ford of Europe President Jim Farley now takes on broad global responsibilities.<\/figcaption><\/figure>\n<p>Where Ford moves now is uncertain, though analysts noted that the 62-year-old Hackett, the carmaker\u2019s new chief executive, has been chairman of Ford Smart Mobility LLC since 2016. That operation was focused on implementing many of the changes Fields had put into play.<\/p>\n<p>The appointment of Hackett, who also put in a 16-month stint as the Interim Athletic Director at the University of Michigan, is just one of the changes in Ford\u2019s senior management. Others include:<\/p>\n<ul>\n<li>Jim Farley, currently head of operations in Europe, the Middle East, Africa and Asia Pacific, will become executive vice president and president of Global Markets. In that role, the 54-year-old Farley \u2013 a former Toyota executive \u2013 will take on a broad portfolio overseeing operations in most of the world for Ford, in general, and for the Lincoln brand, in particular;<\/li>\n<li>Joe Hinrichs, who now serves as President of the Americas, will become executive vice president and president of Global Operations. That will have the 50-year-old Ford veteran managing product development, manufacturing and labor relations, quality, purchasing, safety and various environmental efforts;<\/li>\n<li>Marcy Klevorn, currently Ford\u2019s Chief Information Officer, has been named executive vice president and president of Mobility, The 57-year-old Klevorn will now oversee Ford Smart Mobility. She will continue to lead information technology operations and run Global Data, Insight and Analytics.<\/li>\n<\/ul>\n<p>Praising the three executives, Chairman Bill Ford said each \u201chas a track record of driving innovation, cost-efficiency and delivering results around the world.\u201d<\/p>\n<p><em><strong>(Ford to cut 1,400 jobs as part of major cost-cutting push. For the story,<\/strong><\/em><strong><em>\u00a0<\/em><\/strong><span style=\"text-decoration: underline;\"><strong><a href=\"\/2017\/05\/ford-to-cut-1400-jobs-as-part-of-major-cost-cutting-push\/\">Click Here<\/a><\/strong><\/span><em><strong>.)<\/strong><\/em><\/p>\n<figure id=\"attachment_78114\" aria-describedby=\"caption-attachment-78114\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"\/wp-content\/uploads\/2014\/06\/Ford-President-Joe-Hinrichs.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-78114\" title=\"Ford President Joe Hinrichs\" src=\"\/wp-content\/uploads\/2014\/06\/Ford-President-Joe-Hinrichs-300x228.jpg\" alt=\"\" width=\"300\" height=\"228\" \/><\/a><figcaption id=\"caption-attachment-78114\" class=\"wp-caption-text\">Ford&#39;s Joe Hinrichs shifts to a more product-focused position as part of the management shake-up.<\/figcaption><\/figure>\n<p>Another senior-level change sees the retirement of Ford veteran Ray Day, who will step down as the carmaker\u2019s head of public relations. He will be replaced by one-time journalist Mark Truby, who had been heading media operations in Europe and other markets outside the Americas.<\/p>\n<p>Industry observers say they wouldn\u2019t be surprised to see other changes put in motion, with the spotlight on executives including current global product development and technology chief Raj Nair, as well as Ford\u2019s sales, service and marketing director Mark LaNeve.<\/p>\n<p>How much change to Ford\u2019s broad strategy the new appointments will bring is far from certain, but Ford and Hackett, in a prepared statement, noted three key goals:<\/p>\n<ul>\n<li>\u201cSharpening operational execution, to address issues like quality and product launches, but also for \u201cdecisively addressing underperforming parts of the business\u201d;<\/li>\n<li>\u201cModernizing Ford\u2019s business,\u201d with technologies like 3D printing, advanced robotics and artificial intelligence, \u201cto unleash innovation, speed decision-making and improve efficiency\u201d; and<\/li>\n<\/ul>\n<ul>\n<li>\u201cTransforming the company to meet future challenges\u201d, something that suggests many of the key areas ousted CEO Fields had focused on will remain company priorities.<\/li>\n<\/ul>\n<p><em><strong>(Weak share price slammed by Ford investors at annual meeting.\u00a0<\/strong><\/em><span style=\"text-decoration: underline;\"><strong><a href=\"\/2017\/05\/fords-low-share-price-frustrates-shareholders-and-execs\/\">Click Here<\/a><\/strong><\/span><em><strong>\u00a0for the story.)<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ford Motor Co. will undergo a broad management shake-up. CEO Fields is out, replaced by former Steelcase chief Jim Hackett. But a number of other senior exec changes have also been announced, part of a push to &#8220;unleash innovation&#8221; and address &#8220;underperforming parts of the business,&#8221; the maker said. TheDetroitBureau.com has the story.<\/p>\n","protected":false},"author":2,"featured_media":116218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[8],"tags":[],"make":[],"post-state":[],"category_old":[151],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/116215"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=116215"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/116215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/116218"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=116215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=116215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=116215"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=116215"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=116215"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=116215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}