Ford Motor Co. announced Wednesday that it will share the management of the company under CEO Jim Hackett between two top rankings.
Joe Hinrichs will lead the automotive industry and operations globally, and Jim Farley will lead car 2.0 and the future that includes driver vehicles.
Joe Hinrichs, then Executive Vice President and President, The America, Ford Motor Company, at the Kentucky Truck Plant in December 2015. He has been promoted.
This "accelerates progress" on global business reform and 19659007] Jim Farley has been promoted to lead the future of Ford (Photo: Eric W. Perry)
John McElroy, a long-standing industrial observer and host of "Autoline After Hours" , said: "The race is for who will replace Jim Hackett. It is clearly down to Hinrichs and Farley. "
He continued," Hinrichs has all the real things that matter. He is responsible for what the company is today. At this moment, Hinrichs definitely has the most important job. Farley has an opportunity to take what he is responsible for – which is the future, but for all practical purposes right now it's vaporware – and he has to make it a real business that makes money. "The campaign comes as 63-year-old CEO Hackett approaches his second anniversary at Ford.
" It is a surprise that they are cementing their two positions right now, "McElroy said." It says Ford definitely adds one success plan in place. "
Marcy Klevorn, currently the top-ranked woman at Ford after 36 years and latest mobility president, retires in October.
The company said:
Farley, 56, is appointed president, new companies, technology and strategy, and monitor strategy, Ford Smart Mobility, Ford autonomous vehicles and research and advanced technology, global partnerships and global data operations, he is president of global markets until May 1.
Hinrichs, 52, is appointed president, automotive industry, and will oversee Ford's more traditional global operations, including product development, procurement, manufacturing and marketing and sales, and the company's global business units: North America, South Am erika, Europe, China and International Markets Group. He is president of global operations until May 1.
John Lawler, 53, will assume an expanded role as Vice President, Strategy, Reporting to Farley. Lawler will lead the company's strategy, business development and global data. He is considered a financial pro with global experience who plays a key role in negotiating a partnership with Volkswagen.
Klevorn, 59, will act as chief transformation officer, who works closely with Hackett and Ford's leadership team, until October.  Market economist Jon Gabrielsen, who advises automakers and auto suppliers, said that the Ford strategy for sharing tasks has been tested in the industry and works well.
"Joe Hinrichs will be focused on the critical role that keeps the business strong in presenting and making the most important changes needed for the future, while Jim Farley will plan the medium and very long-term future," said Gabrielsen. "Farley won't be distracted from day to day, and Hinrichs must be stepped up to ensure success for today's business and position it for the future. "
The new" strong foundation "for auto and mobility allows Ford to" succeed in a time of deep change and disturbance " , Hackett said in a press release.
Hinrichs, who will oversee both Ford and Lincoln brands, will also lead environmental and security engineer, information technology, customer experience, and government business.
Farley plans to focus on "strategic transformation into a Higher Growth, Higher Margins Business by Taking Smart, Connected Cars and Breakthrough Customer Experiences, "said the company.  Ford looks at Farley to make great gains in unknown areas.
"Jim Farley's job is to drive us into the future, both strategically and operationally, from AV to mobility experiences to exploit AI and great data," Hackett said. 9659009] From now to October, Klevorn will help refine the company's management systems, continue to simplify partnerships with technology partners, and "continue to master Ford's Professional Women Network and support the company's diversity work," the company's statement said.
Hackett said: "Marcy has several decades of experience working with many of the leading technology companies, as well as the work she has done on the transformation of Ford IT and the creation of Ford Mobility, and gives her unique knowledge to drive these. initiatives. "  Klevorn was appointed head of Ford Mobility in June 2017. Over the past two years, she has redesigned the organization to focus on product and service delivery and grow new businesses, the company said. She led the expansion of FordPass, steered the growth of several revenue-generating businesses, including Ford Commercial Solutions, GoRide Health, and City: One Challenges, and she steered the acquisition of others, including Spin and Transloc, the company said. Prior to becoming president of Ford Mobility, Marcy served as the company's chief information officer.
Now that Klevorn is leaving, the two top women at Ford Joy Falotico, 51, are marketing managers at Ford and Lincoln president who will report to Hinrichs; and Kiersten Robinson, 48, chief staff, reporting to Hackett.
Later Tuesday morning, Ford announced that it would be left by workers in Brazil, according to Seeking Alpha. The company is launching a voluntary redundancy program for its factory in Camaçari, Brazil as part of the global $ 11 billion restructuring plan. Ford did not confirm the number of job reductions.