Hyperdrive
Ford’s New CEO Shakes Up Automaker’s Senior Management Team
- Replaces CFO with company veteran who ran autonomous unit
- Lays out accelerated plans for electric, self-driving cars
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Ford Motor Co.’s new Chief Executive Officer Jim Farley wasted no time setting a tone of urgency in his first day on the job by shaking up the automaker’s management team.
Farley, who took over as CEO Thursday from Jim Hackett, has said he’s looking for fresh thinking to pull Ford out of a slump punctuated by what is expected to be its first annual loss in a decade this year. He named John Lawler, a 30-year company veteran who has headed Ford’s autonomous-vehicles unit, the automaker’s new chief financial officer.