Ford Names Jim Farley New CEO, Succeeding Jim Hackett

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Ford Motor Company CEO Jim Hackett stepping down retiring after three years at the helm of the automaker. The 58 year old Jim Farley has been tapped to take over the reins, a news release says. The 65 year old Hackett, who went to Ford after retiring as the CEO of steel case in Grand Rapids, elected to retire from the company Farley will take over October 1st.

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