We took those. [5] Hackett stayed on as vice chairman of the company from 2014 to 2015. View the profiles of professionals named "Hackett" on LinkedIn. The move came as Ford announced cuts to its global workforce amid efforts to address the company's declining share price and to improve profits. It was oversubscribed in terms of people who wanted to come back in service of others. By signing up you agree to our Terms of Use and Privacy Policy. Jim has 1 job listed on their profile. MR. HACKETT: Well, David, you know the answer for that is actually the hint for how we're going to turn the country back on, because we had to design for employee safety in an extreme way from viruses for anybody to come back. Jim has 13 jobs listed on their profile. MR. HACKETT: Well, I need to sneak in because, in parallel, we have nine facilities in Europe and we're turning all those on in a sequenced way, starting May 4th. There's a revolver, as you know, which means if you get into trouble, these are loans you structured you can take. Understanding Personal Protective Equipment (PPE) Customer Experience: Service Blueprinting; BIM Foundations; See all courses Jim’s public profile badge. We never have all states calling at once. I had a contact, he's actually a friend but a professional colleague at Mayo Clinic, Nick LaRusso, who used to be--have internal medicine. These were configurations of practices that everyone had to adhere to and you were audited to. So, we're trying to balance this on the head of a pin. Jim Hackett is special advisor to Ford Motor Company. You know, we're working really closely with the UAW. He currently serves as Special Advisor to the company[1], The Hackett family originally moved to Central Ohio via County Carlow and County Galway in Ireland. See the complete profile on LinkedIn and discover Jim… And I want to ask you whether in the wake of this terrible pandemic that we're living through, do you think there's a chance for a turnaround for America where we get started on a different basis with better organization, better rules, better sense in how we manage things? It's my pleasure to welcome you to this morning's Washington Post Live conversation, one of our series about leadership in crisis as we all together try to deal with the COVID-19 pandemic. And the way we're talking to the UAW and around the world to our labor groups, particularly--and the reason--this is all people, right? From 1977 to 1981, Hackett held sales and management positions at Procter & Gamble in Detroit, Michigan. And one thing led to another, and the reference to ventilators was just in the discussion and I said, "You know, maybe Ford ought to be building those for you." So, if we could turn on May 18th, that would be the first time we'd be allowed to. But think of it this way: this represents a 4.4 percent operating margin, about half what we believe is an appropriate margin. It's three years before that it's in consideration. Jim has 10 jobs listed on their profile. And so, that's the opportunity in the country, is that we now can compete anywhere in the world because of our ability to do knowledge work the way we're doing it, which means the speed in which you can innovate a product like a ventilator; that translates to vehicles; the speed at which you understand what users need; there's a ponytail problem in these masks that have air moving in them. You just reported your first-quarter earnings and, boy, it was tough, a sea of red ink. Bentley in the UK is going to start making cars again, I think, next week. So, it told me and Bill the confidence that--the people that invest in the company have in it. Was getting the supply chain all geared up so that they could produce one of these almost every hour, and they were producing, you know, one every other day. MR. HACKETT: That's right, and I want to draw a parallel for you, because this is my 26th year, you know, running the company. [12], In January 2019, Hackett sent an email to Ford employees that read, "2018 was mediocre by any standard. And if I read the numbers right, you said the effect of the pandemic on your business was to take about $2 billion out of what would have been your profitability. The country is in a panic, desperate need for ventilators, people in hospitals, people in the government are looking everywhere. View Jim Hackett’s profile on LinkedIn, the world’s largest professional community. See the complete profile on LinkedIn and discover Jim’s connections and jobs at similar companies. And so, most of the time after those first two weeks, everyone asked, "Hey, when will you have these?" It was way oversubscribed. So, Wall Street's been a little challenging because they wonder when we're going to show up. You know probably about the Apple and Google experiment, but there's five other things that have a lot of promise that, essentially, that's the issue, is if the infection rate stays below one, the exponential force downward means that the virus will flame out. See the complete profile on LinkedIn and discover Jim… Jim has 1 job listed on their profile. View the profiles of professionals named "Jim Hackett" on LinkedIn. View the profiles of professionals named "Jim Hackett" on LinkedIn. Some of the top contenders of Ford Motor in the automobile sector include: 1. And Ford stepped up at that time and, in some ways, as it did in past crises, informed a partnership with other companies to get in the ventilator business. There's a prospective increase in charges. Is that going to be part of your regimen, do you think? Who wants to send somebody out of work, you know, when there's a virus and there's no employment? So, standards emerged out of that from the Balridge Award that, you know, heightened awards for it to, later, the ISO structures. Again, Ford has a lot of skill in coordinating that. He currently serves as Special Advisor to the company I actually think of myself as a redesign of business. View Jim Hackett’s profile on LinkedIn, the world’s largest professional community. Jim Hackett will retire and become a special adviser. They kind of think of us like Amazon.". And you know, that moment, it seems like a year ago, right? View Jim Hackett’s profile on LinkedIn, the world’s largest professional community. [5] During this time Hackett became a proponent of design thinking, which focuses on how humans experience a product. What is your own plan for actually reopening, resuming production of vehicles in North America? jim has 1 job listed on their profile. Who were your customers? Ford didn't ask for a bailout. And then, last week, we floated--we took $8 billion in additional debt, just through the public markets. But I do see, as you suggest, that the shift now is going to other kinds of things, particularly in the protective gear. Then-Ford CEO James Hackett (3rd R) and team members, including his successor, Jim Farley (3rd L), reveal the company's first mass-market electric car the Mustang Mach-E, … LinkedIn is the world's largest business network, helping professionals like Jim Hackett discover inside connections to recommended job candidates, industry experts, and business partners. For example, we're finding that there's more online interest in buying vehicles this time, because that's all people can do, in China, now that they're turned back on with dealers. Under Hackett’s leadership, Ford moved aggressively into the new era of smart vehicles and drove a deeper focus on customers’ wants and needs. We have an extraordinary leader there in Rory Gamble. And then, finally, there's six workstreams going on in the company around contact tracing. MR. HACKETT: You know, David, when I was younger in business, I saw, like, leveraged buyout CEOs. Let me turn, Jim, to the impact of this lockdown, shutdown of our global economy on your company. He's been in that job since 2017. Jim has 1 job listed on their profile. And so, that's--there's a lesson in this in that the distribution and the supply chains and everything were in chaos. So, right now, we've said to Wall Street that if we didn't turn factories on the whole year, we have enough on the balance sheet to stay here. There are 10+ professionals named "Jim Hackett", who use LinkedIn to exchange information, ideas, and opportunities. Jim Hackett, qui gère la transformation de Ford Motor Company depuis 2017 en tant que président, a annoncé son départ à la retraite. Farley will join the board of directors, effective October 1st. So, there's division of distance, there's protective gear, but the biggest requirement is a screening system that, to get in the building, you have to go through thermal imaging, you have to fill out a questionnaire, and you have to do that every day. We--everybody's interest right now is to get the stockpiles back up such that if we ever have any kind of pulmonary challenge, we're going to have the ventilators. There are 300+ professionals named "James Hackett", who use LinkedIn to exchange information, ideas, and opportunities. Jim Hackett, qui part à la retraite, cède sa place à Jim Farley, véritable amateur d'automobile et connaisseur du marché européen. So, we put that together and then we have shared that. We've never had a problem with the recurrence of the virus for doing all the protocols. View Jim Hackett’s profile on LinkedIn, the world’s largest professional community. We actually, as Bill talked about in the 60 Minutes' piece, we're using proximity devices right now just to help people know distance. Ford has announced that Jim Hackett, who has led the company’s transformation since 2017, is retiring from the company, making way for Jim Farley to take over as President and CEO. [9][10][11], Hackett serves on the board of directors for Northwestern Mutual Life in Milwaukee, Wisconsin, and the Steelcase Foundation in Grand Rapids, Michigan. MR. IGNATIUS: So, taking Ford as an example, would you expect, over the course of the next few months, or as you ramp up production again of vehicles, that you have testing of your employees as part of that, so that employees at work would be comfortable knowing that nobody infected was working on the shop floor with them? I was on a call this morning saying that when you're at home and you're away from your body of work, how is it that we were actually able to stay as product as we were? I suspect this will happen now with pandemic management and viruses, that everyone will have to adhere to a standard. We have a--we've talked about a new Bronco family that's coming out, a new F150. It's the issue that the country really is now trying to get its mind around, I should just note, as you referred in our conversation of "Bill," I'm assuming that's William Ford, who's your Chairman. He will retire from Ford in March 2021. James has 5 jobs listed on their profile. MR. IGNATIUS: So, let's turn to the question of your reopening your factories. He holds a bachelor's degree in general studies. I want to ask you about where the company has been in these last weeks and where you're going, as you think about getting back to work. In 2012 Jim Hackett left … EPA. And then, finally, you know, we learned how much in decisionmaking and working with each other that, being on this system like you and I are, we can have really deep discussions but be focused, make a decision, and move on. The factories are going to be the first thing to turn on in the auto industry, so that's why it's getting all the focus. I just want to leave you with one last quick question. My guest this morning is Jim Hackett, who's the Chief Executive Officer of Ford Motor Company, one of America's industrial giants. See the complete profile on LinkedIn and discover James’ connections and jobs at similar companies. But I take it that this is, as you say--it's really happening company by company. And so, the Governor of Michigan extended our shelter in place until May 15th, which is a Friday. Our people discovered that before others. MR. IGNATIUS: So, that's a great story of flexibility and adaptation, but I want to drill down just a little bit. So, that's a design issue, shouldn't surprise anybody when you think of us. The most important news stories of the day, curated by Post editors and delivered every morning. But we've been sharing with them product portfolio, all brand new, hang in there, it's going to be really great. Jim Hackett . As it relates to the country, there's so much opportunity now because we have to think more intently about being productive. And there's ways to do that with testing in the future, there's ways to put signaling maybe on a wristband. He will retire from Ford in March 2021. Again, thank you very much to Jim Hackett, the CEO of Ford Motor Company; and thanks, everybody, for watching Washington Post Live. Hackett was formerly Ford president and CEO from May 2017 to October 2020, and was also a member of the company’s board of directors. If that happened, if there was a signal that somebody was going to, you know, get sick or that we found somebody sick, we have a plan to move very quickly now so that we isolate and corral that, so that we can keep things open this time. View Jim Hackett’s profile on LinkedIn, the world’s largest professional community. In 2013, Hackett joined the Ford Motor Company's board of directors. His family ancestry can be traced back to both southern and central parts of Ireland; particularly, counties Waterford and Cork in the south to County Carlow in the east and County Galway in the west. But I want to sneak in one other big promise: I am trying not to lay off anybody. Jim has 5 jobs listed on their profile. It seems, thank goodness, that the need for ventilators is not so overwhelming as we feared back in March. View Jim Hackett’s professional profile on LinkedIn. Share to Linkedin; Hackett at Harvard, 2015. View Jim Hackett’s profile on LinkedIn, the world’s largest professional community. We asked for volunteers. Jim Hackett’s exit as Ford’s CEO should surprise no one. My guest this morning is Jim Hackett, who's the Chief Executive Officer of Ford Motor Company, one of America's industrial giants. It's the primary focus of building confidence in people coming back to work, that they're safe. And the idea is to give confidence to the community that somebody is there safely next to them. So, that keyed us in a direction. If we can turn the economy back on like we're talking about, I think employment at Ford is safe and our earnings can start to improve. Now, in this quarter, what primarily is happening, and this is--you saw this in the financial industry, David, is there's--you're taking advanced charges for the probability of default in loans, with employment [sic] now at--you know, what is it, 25-30 million people--unemployment, pardon me. My belief is that demand will come back fairly well, even in the face of the unemployment challenges, because we saw what happened in China, and that's what's happening there. In 1994, Hackett was named CEO at age 39, making him the youngest leader in the history of the company. Partager sur Linkedin; Copier l'article dans le presse-papier; Ford CEO Jim Hackett is retiring, as the carmaker reinvents itself Hackett took over as CEO in 2017 and had been leading an $11 billion restructuring of Ford's business. Farley will join the board of directors, effective October 1st. Ford CEO: Jim Hackett Early Life . See the complete profile on LinkedIn and discover Jim… MR. IGNATIUS: So, Jim, as you think about reopening plants, Volkswagen and Germany got reopened on Monday. MR. IGNATIUS: And on things like this, the very sophisticated, carefully planned regime of testing and other things you just discussed, are you coordinating that with any particular part of the federal government? Ford change de patron, un Jim en chasse un autre. But just to the extent you can as a publicly traded company, give us a picture of what's ahead. Yeah, he's a great guy. View Jim Hackett’s profile on LinkedIn, the world’s largest professional community. So, I think there's just a great story here how the country's thrived in the face of this challenge. He served on its Sustainability and Innovation Committee and the Audit and the Nominating and Governance committees. 293 others named Jim Hackett are on LinkedIn. There are 200+ professionals named "Jim Hackett", who use LinkedIn to exchange information, ideas, and opportunities. It restructured itself; it borrowed; it leveraged everything, including the Blue Oval; and it paid all that money back in, you know, an extraordinary story. It will follow the development, as you're suggesting. James has 1 job listed on their profile. MR. HACKETT: Yeah. There are 300+ professionals named "Hackett -emb", who use LinkedIn to exchange information, ideas, and opportunities. We learned from that, so our balance sheet was really boosted going into this problem. Are you receiving any loans or cash grants to get you through? 9 months ago. MR. IGNATIUS: So, let me ask you, you geared up big time to produce ventilators. AFP via Getty Images. In fact, I know that this can even sound foolish in some respects, right, but I've been through four of these and the biggest trust you can build is with your employees. We have a 70-page playbook that we've put together. If you work in an office, this is going to be as primarily important. And as I'm saying, we were setting up for these future product launches. And that will be sooner than I think people will believe, that a testing protocol will ease some of this tension. View the profiles of professionals named "James Hackett" on LinkedIn. View Jim Hackett’s profile on LinkedIn, the world's largest professional community. You've got a reputation, because of your years running Steelcase, an office furniture company that had a lot of problems as a turnaround artist for businesses. Ford CEO Jim Hackett is stepping down, handing the reins to his protégé, Chief Operating Officer Jim Farley, who considers Apple and Baidu as much of a threat as Toyota and Tesla. I'm David Ignatius, a columnist for The Washington Post. He is also a member of the company's board of directors. Ford Motor CEO and President Jim Hackett will unexpectedly retire. MR. HACKETT: Thank you, David. View James Hackett’s profile on LinkedIn, the world’s largest professional community. So, I think because both of these companies are family--closely held public companies, Steelcase and Ford, they own, on a very long arc--you know, over hundreds of years. We can discover issues in your vehicle that are driving you crazy, because of a--D-DOT Ford [phonetic] is the name of our design center entity. View Jim Hackett’s profile on LinkedIn, the world’s largest professional community. View James Hackett’s profile on LinkedIn, the world’s largest professional community. It's a real honor to be with you, today. And so, we're having regular dialogues with them. In fact, I want to tell you, this is a story--Washington Post will want to write this story about the standards that are now being created for workers like the people who go back at Ford. He and his wife, Kathy, have two sons. [14][15][16], "STEELCASE CEO SPREADS AROUND THE CREDIT – The Wege Foundation", "Steelcase CEO Jim Hackett leaves 'remarkable' tenure at retirement", "Why Ford Hired a Furniture Maker as CEO", "How U-M's Jim Hackett sought and closed Jim Harbaugh", "Michigan interim AD Jim Hackett donates half his salary to 'Athletes Connected' program", "Ford to cut 1,400 salaried jobs in North America, Asia", "Ford to slash 10% of salaried jobs in North America, Asia", "Ford to replace CEO Mark Fields with Jim Hackett", "James Hackett | Bio | Premiere Motivational Speakers Bureau", "Ford CEO tells employees: 'Time to bury' 2018, focus on doubling...", "Ford Announces Jim Hackett to Retire as President and CEO", "Ford Names Jim Farley as New CEO, Succeeding Jim Hackett", United States Council for Automotive Research, https://en.wikipedia.org/w/index.php?title=James_Hackett_(businessman)&oldid=1004918251, University of Michigan College of Literature, Science, and the Arts alumni, American chief executives in the automobile industry, Wikipedia articles with undisclosed paid content from December 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 5 February 2021, at 02:15. MR. HACKETT: I think it is in the future. James Patrick "Jim" Hackett (born April 22, 1955) is an American businessman. So, where we are today, we distribute the ventilators to state governments as well as to FEMA, and everything is flowing really well, frankly. He was the president and chief executive officer of Ford Motor Company from May 2017 to October 2020. [4], He was interim director of athletics at the University of Michigan, his alma mater, from October 31, 2014 to March 11, 2016. He's been in that job since 2017. Hackett was formerly Ford president and CEO from May 2017 to October 2020, and was also a member of the company’s board of directors. I really like him; I think he's very broadminded thinking about what's good for his employees, what's good for the economy. The issue with me saying that's the date is there's a lot of constituencies that have to come along. See the complete profile on LinkedIn and discover Jim’s connections and jobs at similar companies. If it starts to go over one, we need to know where everybody's been, and we're going to have a much better handle on that in just a short time. And Jim, you said in the Wall Street Journal this morning, you never had a lesson in pandemic planning but you've been having to learn it and live it on the fly. Security, the U.S. currently has about 160,000 ventilators available, but it is estimated that about 740,000 are needed. See the complete profile on LinkedIn and discover jim’s connections and … Jim has 1 job listed on their profile. He is a member of the executive committee of the board of directors for the National Center for Arts and Technology, as well as the boards of advisors to the Gerald R. Ford School of Public Policy and the Life Sciences Institute at the University of Michigan. Farley previously served as the president of Ford’s New Business, Technology, and Strategy division. Jim Hackett--Piping Foreman at Cahill/ Ganotec. AFP via Getty Images. Eventually, and we're working just as hard on this as we were building the ventilators, there needs to be a testing protocol, and that's going to have the country have a lot more confidence for things like sporting events. As we flatten the curve, our hospitals aren't crashing out. View Jim Hackett ( Profile )’s profile on LinkedIn, the world’s largest professional community. MR. IGNATIUS: So, I'm curious whether you as a company have taken advantage of any of the hundreds and hundreds of billions of dollars that have been made available for recovery. And we've added gowns, for example, in the mix of things that we're making. View the profiles of professionals named "Hackett -emb" on LinkedIn. There are 200+ professionals named "Jim Hackett", who use LinkedIn to exchange information, ideas, and opportunities. MR. IGNATIUS: So, Jim, we've reached the point at which I know you need to leave to go do other things, like run Ford Motor Company. I think it's been helpful for all of us, a lot of takeaways for businesses and workers all over the country. Who were you selling them to? Include this LinkedIn profile on other websites . MR. IGNATIUS: I know if you wanted to share that 70-page booklet with one of our reporters, we would make good use of it. Tesla MR. IGNATIUS: Well, Jim Hackett, we want to thank you for being with us, for sharing so much of your experience at Ford. Now, in the face of this, to your direct question, there's still more effect because, for all intents and purposes, 97 facilities--and they're not all assembly plants but mostly factories, have been turned off. So, this is a big moment for us. Some of our parts depots with safe practices have been working so that we can improve and fix vehicles for security and safety. So, I'm really optimistic about Ford's future. View Jim Hackett’s profile on LinkedIn, the world's largest professional community. And in fact, the ventilators were high on the list, but these surgical masks, these protective kind of things so that the virus couldn’t penetrate the eyes came high on the priority list. I mean, we're planning down to the granular level. Those are commercial loans; those aren't from the government. MR. IGNATIUS: So, we should look for May 18 as the possible beginning of your return to production in Michigan and elsewhere. See the complete profile on LinkedIn and discover Jim… Every plan in the future will have a chapter on pandemic management. We asked him to give us some guidance about, if you were going to spend a dollar towards anything right now, where would you put it. Jim has 10 jobs listed on their profile. MR. HACKETT: Well, this is a moment of pride, frankly, because I wasn't here, but I'm really proud of Bill Ford and, later, Alan Mulally. MR. HACKETT: Well, I think it would be safe to say that we did the design of it by ourselves. Jim Hackett is Chairman at Alta Mesa Resources Inc. See Jim Hackett's compensation, career history, education, & memberships. You know, we made that kind of open information to any company that wants to know about how to put this together so that you ensure people are safe. Hackett, 65, will be succeeded by his heir apparent, Jim Farley, Ford's chief operating officer, effective Oct 1. Hackett led the hiring of former San Francisco 49ers’ coach and fellow U-M alumnus Jim Harbaugh as the university's football coach. Toyota Motors 3. MR. IGNATIUS: Hi, everybody. Jim has 1 job listed on their profile. Jim Hackett retains Executive Chairman Bill Ford’s backing Soon-to-be COO moving quickly to shake up struggling carmaker Bill Ford, left, with Jim Hackett. And there's enough demand around the world that we think we'll be busy all year building these. 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