James Hackett Net Worth: James Patrick “Jim” Hackett (22 April 1955 London, Ohio) is an American manager. Since 2017, he has been Chairman and CEO of Ford Motor Company. Ford’s earning has increased to 4% ($2 Billion) during the 2nd quarter.
Hackett left the University of Michigan in 1977 with a bachelor’s degree in finance. Subsequently, Hackett was hired in sales at Procter & Gamble in Detroit. In 1981, he moved to Steelbuil, where he became CEO in 1994 at the age of 39. In this post, he stayed until his retirement in 2014. During his term of office, he created almost 12,000 jobs. He and his wife have two sons and live in Grand Rapids, Michigan.
Ford Appoints James Hackett as new CEO
Change of leadership at Ford: As the US car maker announced, he has selected James Hackett as the new CEO on May 22, 2017.
This replaces Mark Fields, who retires. The Wall Street Journal had previously reported on the staff.
The new Ford’s Chief is an industry newcomer. The former chief of steelmaker Steelcase is headed by the subsidiary Ford Smart Mobility LLC, which was founded last year, to explore new possibilities in the area of car sharing, autonomous driving and car services, such as those from Uber. Hackett is not the only manager Ford has taken from the outside, since Silicon Valley companies have been attacking the industry and changing the attitude of potential buyers in the metropolitan areas as far as vehicle ownership is concerned.
The share price of Ford has fallen by about 40 percent since Field took over the lead three years ago. Ford’s market share is falling, profits are under pressure.
James Hackett got his first high profile job on 1994 at Steelcase company as CEO. After 14 years of his duty, He got retired. He made a record of youngest CEO or leader in the industry. Through his unique ideas, He gave his company enormous business profits. David Kelly and Steve Jobs introduced his business model, It is awe-inspiring, they said, as we know both are business tycoons.
Is Jim Married?
Hackett’s wife is Kathy, Both Jim and Kathy gave free services to the University of Michigan. This is the same university, where they graduated. Jim was Athletic Director at this University (Michigan). He joined the Football team and had good numbers. Hackett had donated his salaries to the University, where student athletes are treated mentally. On the position of Athletic Director, his salary was $600 thousand.
James Hackett Net worth:
As we know, Hackett is the youngest CEO in the United States, and this is record. Now He is CEO of Ford Motor industry by replacing Mark Fields. He Had been working on Steelcase company too as CEO. Jim Hackett’s net worth has been increased through the years.