You must have an Automotive Newssubscription to view the digital edition
Click here to subscribe
If he is to be as transformative as Alan Mulally, Jim Hackett needs a vision that is crystal clear, open-minded and flexible. And gutsy.
A cornerstone of Alan Mulally's transformation of Ford Motor Co.— the Thursday business plan review meeting — will stick around under new CEO Jim Hackett.
With all due respect to Bill Ford, it is likely that Mark Fields was unable to sharpen his message or clarify his strategy because his board chairman didn't allow him to do either on his own.
It was déjà vu at Ford's world headquarters as Executive Chairman Bill Ford took the stage and introduced Jim Hackett as the automaker's new "transformational," turnaround-tested CEO.
Despite financial success, a lack of clarity about Ford's future, inability to inspire confidence in workers and indifference on Wall Street doomed Fields less than three years into his tenure.
Upheaval at Ford: 'Transform the culture'; Fields had big vision, big shoes to fill; Hackett's journey from furniture, football; 'A nice mix' in executive suite.
Ford's Hackett on team-building, Mulally and Rubik's Cubes; Detroit 3 skipping Tokyo show - again; Subaru's EV strategy; Smart drops price of ForTwo EV; Merkel's advice: Invest in electrification.
Automotive NewsJobs Board
Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that's vital to your business.
Sign up today to get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news – we'll deliver.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.