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Ford Finds New CEO In Jim Hackett

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Earlier this week, the Ford Motor Company officially announced a new CEO in Jim Hackett, the former chief executive of office furniture maker Steelcase. He follows the recent retirement of the previous CEO Mark Fields and has already quickly begun to make his mark on the company. With his quick and recent transition, Hackett is expected to help Ford maintain its traditional business while preparing for the future.

While the news comes as a surprise to some, Hackett brings a unique and knowledgeable expertise to his new position. Before his turn as CEO, Hackett’s previous Ford experience included serving as the head of Ford’s Mobility unit and as a member of Ford’s board from 2013 to 2016. Also, after serving for twenty years as the head of Steelcase, he has developed a clear instinct for developing trends, often credited with predicting the latest open office plans in the modern workplace. Finally, Hackett also worked as the interim athletic director at the University of Michigan, negotiating a $174 million deal with Nike and meeting with coach Jim Harbaugh. With this full range of experience and deals, Hackett is proving to qualify for the job at hand exceptionally.

Plenty of Ford higher-ups also share a similar notion when acknowledging what the industry will face in the coming years. As Ford plans to keep ahead of the self-driving car market, there are multiple markets and fields that the company needs to manage to maintain an edge. While Hackett has less experience as a “car guy,” he brings about the fresh mindset required to think further ahead and make hard decisions. Ford Executive Chairman Bill Ford himself remarked on Hackett saying “He’s really a proven transformational thinker. He’s not just a futurist. He’s a very good operational leader.”

Already, Hackett has worked to make some internal changes regarding the Ford Motor structure, planning to introduce new heads of Ford’s global markets, global operations, and mobility divisions. For a business as long-lasting and popular as Ford, these shakeups in power could provide a new set of eyes for what will be a new market for vehicles. As Hackett also said during a recent news conference regarding his position, “I love that challenge because I know how to do that.” If you are looking for Certified Pre-Owned, Used or New Ford vehicles, take a look at the Lamarque Ford website!

Ford’s CEO reveals the car of the future—yes, Amazon is involved

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Tesla might have made some major announcements recently, but Ford CEO Mark Fields says his company not in the race to make announcements. Instead, Ford is busy focusing on how to make customer’s lives easier and building the car of the future.

“Our combination is an auto and a mobility company, and we think that makes a lot of sense for us. But we’re not in a race to make announcements. We are in a race to do what’s right for our customers, and what’s right for our business,” Fields said.

In an interview at Ford’s research and innovation center in Palo Alto, CA on Thursday, Fields described to Jim Cramer what the car of the future will look like.

“What I am most excited about here is the innovation that is going on. The innovation is who we are as a business, going back to Henry Ford,” Fields said.

Starting in 2015, Ford began conducting experiments all over the world to learn more about what works for its customers. It is currently working on new technology that includes connected vehicles, internet of things and autonomous driving capabilities.

Ford also entered into a partnership with Amazon in January. The partnership will allow Ford’s technology to connect via the cloud for customers to now interact with their home from their car.

Fields described a world in which drivers can turn on the pot roast in their kitchen, turn on the lights at home, deactivate security alarms and open the garage door all from their car, using the platform of Amazon’s Echo-powered technology, Alexa.

Ford is also working to incorporate smart parking into its cars through a number of mobility experiments. Cars will be equipped with sensors to calculate the location that will most likely have a parking space and save customers time.

“In most cities, 30 percent of the wasted fuel is people looking for spots. So how do we be part of the solution, this mobility solution for customers, make the world better and offer us a business opportunity,” Fields said.

Written by Abigail Stevenson | Published on cnbc.com | Original article here…