It’s taken Jim Farley less than one year as Ford Motor Co. CEO to accomplish what his two immediate predecessors couldn’t over six: reverse the company’s long stock slide.
On Day 1, he appointed Ford lifer John Lawler CFO, replacing Amazon alumnus Tim Stone, as part of a modest executive shake-up and streamlining of operations. That same day, Farley unveiled a 10-point plan explaining his vision for the automaker to employees.
Since taking the helm, Farley has nearly tripled Ford’s investment in electric vehicles and decided to have the company make its own batteries, through a partnership with SK Innovation, rather than just buy them from suppliers as it previously had planned. He has reshaped Ford to emphasize commercial vehicles and technology development, elevating insiders to new roles and plucking talent from the likes of eBay and Apple.
Read the article at The Car Gossip.