Ford Announces Executive Changes

Ford Motor Company has announced the following changes to its leadership team:

• Jim Farley has been promoted to Chief Executive Officer and elected to the company’s Board of Directors. Jim previously held the Chief Operating Officer role with Ford. He succeeds Jim Hackett, who recently announced his retirement, but will stay on to assist with Jim Farley’s transition.

• John Lawler has been promoted to Chief Financial Officer. John’s 30-year tenure with Ford has resulted in roles of increasing responsibility. He will transition from his most recent leadership roles as Chief Executive Officer of Ford Autonomous Vehicles and Vice President of Mobility Partnerships. John succeeds Tim Stone, Ford’s current CFO. Tim will remain in his position through October 15 to help guide John’s transition.

Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification; mobility solutions, including self-driving services; and connected services. Ford employs approximately 190,000 people worldwide, and generated $149.9 billion in revenue in 2019.