FORD MOTOR CO (F)
Sector: Consumer Discretionary
Sector: Consumer Discretionary
FORD MOTOR CO - Executive Compensation
President and Chief Executive Officer
Executive Compensation
James D. Farley, Jr., commonly known as Jim Farley, has been serving as the President and Chief Executive Officer of Ford Motor Company since October 2020. Born on June 10, 1962, in Buenos Aires, Argentina, Farley's journey in the automotive industry is marked by a rich and diverse professional background. Before joining Ford, Farley held various executive positions at Toyota Motor Corporation, where he was instrumental in the launch of the Scion brand, targeting younger buyers in the United States. His strategic vision and market understanding were key factors in his successful tenure at Toyota. Farley joined Ford in 2007, initially serving as the marketing director for the company's luxury vehicle division. His career at Ford progressed rapidly, and he held several high-profile roles, including executive vice president and president of global markets, where he was responsible for overseeing the company's operations worldwide. Under his leadership, Ford made significant strides in expanding its global footprint and strengthening its brand. One of Farley's notable achievements was his pivotal role in Ford's transformation into a leader in electric vehicles, with the launch of the Ford Mustang Mach-E and the F-150 Lightning, marking a significant shift towards sustainable mobility. As CEO, Jim Farley is tasked with steering Ford through the rapidly evolving automotive landscape, with a focus on innovation, electrification, and digital transformation. His leadership has been characterized by a commitment to Ford's iconic heritage while pushing the boundaries of what the company can achieve in the future. Farley's strategic initiatives include the Ford+ plan, aimed at accelerating the company's growth through new business models and enhanced customer experiences. His vision for Ford is to not only remain competitive but to redefine the automotive industry by embracing new technologies and sustainable practices.