When nobody was looking, Ford CEO Jim Hackett quietly got on a roll.
Don’t worry if you didn’t notice. The drumbeat of negative news around Ford, centering on its stock price – down 33% of the past 12 months, and 42% since Hackett took over in 2017 – has been loud.
Adding to the din was a $11 billion restructuring effort, a credit-rating downgrade by both Moody’s and S&P in March, the retirement of longtime product czar Joe Hinrichs in February, an awkward launch of the new Explorer SUV last year, and, of course, the complete shutdown of the carmaker’s global operations during the early stages of the COVID-19 pandemic.
Hackett had already spent a few years in the wringer, but it was starting to look like the wringer was getting worse. The ascension of Jim Farley to chief operating officer got the industry chatterin ..
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