Ford brings back for­mer ex­ec­u­tive

New Straits Times - - Business World -

BENGALURU: Ford Mo­tor Co on Thurs­day reshuf­fled se­nior man­age­ment and brought back a for­mer ex­ec­u­tive from Uber Inc, sig­nalling its new chief ex­ec­u­tive of­fi­cer (CEO) will rely on com­pany vet­er­ans to turn Ford around rather than out­side tal­ent. James Hack­ett, named CEO on Mon­day, had said he wanted to stream­line Ford’s hi­er­ar­chy and speed up de­ci­sion-mak­ing, as the car­maker faces threats from self­driv­ing tech­nol­ogy and resur­gent ri­val Gen­eral Mo­tors Co in its tra­di­tional mar­kets.

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