Ford's Organizational Shift: CEO Jim Farley Ensures "Right People With The Right Talent In The Right Places"

Ford Motor Company F said it has laid the last cornerstone in a sequence of organizational adjustments to establish an efficient, global end-to-end industrial system to power all Ford vehicles, encompassing gas, hybrid, and electric models, as part of its Ford+ growth plan.

Under the plan, Kumar Galhotra, who was heading Ford Blue, the company's business unit for gas and hybrid vehicles, becomes chief operating officer and will lead Ford's global industrial system.

As chief EV digital and design officer, Doug Field continues to drive innovation at startup speed in developing electric vehicles, creating digital platforms and software for Ford's entire product lineup, and leading the company's vehicle and digital design studios.

The new industrial structure completes a series of actions to unleash the growth and value-creation potential of Ford+, which is characterized by close, enduring customer relationships, improving financial performance, and investments in iconic vehicles and disruptive technologies and software.

"These moves will drive clarity and simplicity across Ford, so we can significantly ramp up our capabilities and combine them with businesses that are focused on the needs of different customers," said CEO Jim Farley. 

"We now have the right people with the right talent in the right places to give our customers products, services and value they can't get anywhere else," Farley added.

The latest development comes right after the warning issued by Bill Ford, the executive chair of Ford Motor, for the potential impact of the continuing strike threatens not only Ford's future but also that of the broader American automotive industry.

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Price Action: F shares are trading lower by 1.70% to $11.84 on the last check Wednesday. 

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.