Ford names Jim Hackett CEO to take its connected car plans up a gear

After a day of speculation, automaker Ford has announced a significant regime change to underscore its ambitions in connected and self-driving cars: Jim Hackett — who had been running Ford’s Smart Mobility business — is taking over as the company’s CEO, replacing Mark Fields, who is retiring.

The move is a bold attempt to push Ford into what many see as the next generation of automaking, an area Ford has been criticised for not attacking as well as competitors like GM, and upstarts like Tesla, never mind the likes of Google and Uber. Its stock price, which is lingering around $11, down from lofty heights of $36 in 1999-2000, underscores that.

“I am so excited to work with Bill Ford [Ford’s chairman] and the entire team to create an even more dynamic and vibrant Ford…

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