Fortune

Ford Finds a New Leader, By Design

CEO Jim Hackett brings an intellectual approach and an outsider’s perspective to the job. Here’s how he plans to transform the underperforming automaker.

SOME COMPANIES take a cookie-cutter approach to selecting their CEOs. They might favor home-grown talent, for instance, or engineers steeped in the company’s products, or sales-people who excel at spinning a corporate yarn. The next CEO tends to look like the previous CEO, and will be followed by someone cut from the same cloth.

The Ford Motor Co., on the other hand, follows no discernible pattern at all. In the past two decades alone it has toggled from an operations whiz (Jacques Nasser) to a young scion of its founding family (Bill Ford) to an exec who was an automotive neophyte (Alan Mulally) and back again to another true-blue insider (Mark Fields).

With the unexpected sacking of Fields this spring and the appointment of 62-year-old former Steelcase CEO Jim Hackett, Ford has once again zigged where before it had zagged. Hackett isn’t a car guy. And unlike Mulally, who had previously piloted Boeing’s commercial airplane business, he hasn’t run a giant industrial concern. Instead, Hackett is as close to an intellectual as the executive suite is ever likely

Stai leggendo un'anteprima, registrati per continuare a leggere.

Altro da Fortune

Fortune5 min letti
An Insider Takes Aim at ‘The Elite Charade’
As a conference-circuit regular and former McKinsey consultant, writer Anand Giridharadas has seen firsthand corporate America’s efforts to solve social problems. Here’s why he’s come to see those efforts as more self-serving than world-changing.
Fortune11 min letti
Big-box Rebound: How Target Packaged A Turnaround
In 2017, the struggling megachain spooked Wall Street and earned mockery in the retail world by committing billions to revamping its stores. That Hail Mary pass connected for a touchdown: Today, more-inviting shopping floors and smoother e-commerce h
Fortune3 min letti
Translating Success
IN HIS 41 YEARS ON EARTH SO FAR, Luis von Ahn has changed the world three times. People still blame him for the first. That invention, which had its public debut on Yahoo in 2000, had a mouthful of a name; the Guatemalan-born computer scientist call