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Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns
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Economic news
“A lot of surprises.” That’s how Ford Motor CEO Jim Farley described his past five years leading the Detroit automaker, which he believes now has a solid foundation, News.Az reports citing CNBC.
“I think there were certainly a lot of surprises,” Farley told CNBC on the sidelines of a Ford event Wednesday in Detroit.
On a per share basis, Ford stock closed Tuesday at $11.96 per share, up roughly 80% since Farley became CEO on Oct. 1, 2020.
He took over from CEO Jim Hackett, who was recruited by Chair Bill Ford to replace longtime executive Mark Fields.
“We’ve got to work through a couple of these policy issues that could be a big tailwind for the company,” Farley said Tuesday, adding its commercial Pro business remains another highlight.