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? Jim has 2 jobs listed on their profile. 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? 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. He and his wife, Kathy, have two sons. IGNATIUS: Well, Jim Hackett, we want to thank you for being with us, for sharing so much of your experience at Ford. We actually, as Bill talked about in the 60 Minutes' piece, we're using proximity devices right now just to help people know distance. ET 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. He was the president and chief executive officer of Ford Motor Company from May 2017 to October 2020. And what I've suggested is that what happens to companies over time, they--the design isn't fit anymore. 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. So, it told me and Bill the confidence that--the people that invest in the company have in it. I'm David Ignatius, a columnist for The Washington Post. It's just days, and at that time, I was talking to people in the White House about what was going to happen to our production, so they understood, as we were shutting down. We started Custodia because we believe future of work should empower all employees with streamlined systems and intelligent design. 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. But just to the extent you can as a publicly traded company, give us a picture of what's ahead. View Jim Hackett (BT)’s profile on LinkedIn, the world’s largest professional community. We have a--Ford used to have a joint venture with Mazda that still has a vestige of a relationship in Thailand in a facility. 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. MR. IGNATIUS: So, Jim, one more question before we turn to Ford and Ford's business going forward: As you've been in this conversion phase and making ventilators and other things that are not part of your normal production, how have you kept your workers safe on the production lines? There are 300+ professionals named "James Hackett", who use LinkedIn to exchange information, ideas, and opportunities. General Motors 2. MR. IGNATIUS: So, let me ask you, you geared up big time to produce ventilators. [6] He donated $300,000 of his annual $600,000 salary as interim athletic director to "Athletes Connected," a program that's designed to support the mental health of student-athletes.[7]. So, we were launching--we are launching a Mustang--electric Mustang in the fall and that's projected in our future. So we are aiming for much closer to $14 billion.”[13], On August 4, 2020, Ford announced that COO Jim Farley will succeed Jim Hackett as the CEO of Ford on October 1, 2020. And we're--. Share to Linkedin; Jim Hackett . I want to remind folks that we'll be back on Monday at 11:00 with my colleague, Bob Costa, who will be interviewing Jane Rosenthal, who is the head of the Tribeca Film Festival, who is going to talk about the future of the entertainment business, which we need more than ever these days as we're trying to keep our spirits up and think about getting back to work. MR. HACKETT: Yeah. MR. HACKETT: Thank you, David. Jim has 8 jobs listed on their profile. View James Hackett’s profile on LinkedIn, the world’s largest professional community. He is also a member of the company's board of directors. View Jim Hackett’s profile on LinkedIn, the world’s largest professional community. ... Jim Hackett is back with a $3.8 billion deal to form Alta Mesa Resources. I suspect this will happen now with pandemic management and viruses, that everyone will have to adhere to a standard. 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've followed you for many years. In 2012 Jim Hackett left … Associated Press Ford taps operations chief Jim Farley to take reins from retiring CEO Jim Hackett Published: Aug. 4, 2020 at 10:16 a.m. It touched Bill and my heart, you know, to see so many people. And then, finally, there's six workstreams going on in the company around contact tracing. And there's enough demand around the world that we think we'll be busy all year building these. So, we're trying to balance this on the head of a pin. Have you now got an oversupply of ventilators more than your customers are going to need and are you going to switch to producing something else that's of important value for us now in this phase of the crisis? 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. I never was proud of how they would go in and slash and burn a company. 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. There's a revolver, as you know, which means if you get into trouble, these are loans you structured you can take. 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. And because those aren't as dense from a people perspective, we think it's okay with forklift drivers to have a truck back up and let's start putting things in the factory that won't involve people being next to each other. Hackett, 65, will be succeeded by his heir apparent, Jim Farley, Ford's chief operating officer, effective Oct 1. View Jim Hackett’s profile on LinkedIn, the world’s largest professional community. Hackett led the hiring of former San Francisco 49ers’ coach and fellow U-M alumnus Jim Harbaugh as the university's football coach. So, I think there's still a really important need for ventilators. I also served as a chairman of a bank board. 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. Toyota Motors 3. In fact, it's hard to track, because the non-American companies were being bailed out by their governments and they never declared bankruptcy. Farley will join the board of directors, effective October 1st. Retiring Ford CEO Jim Hackett and current COO Jim Farley. See the complete profile on LinkedIn and discover Jim… And so, that's--there's a lesson in this in that the distribution and the supply chains and everything were in chaos. Jim has 10 jobs listed on their profile. The issue with me saying that's the date is there's a lot of constituencies that have to come along. 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. But I do see, as you suggest, that the shift now is going to other kinds of things, particularly in the protective gear. I mean, we're talking about 5- to 800 truckloads of materials, David, that have been sitting waiting to get flowed into factories that start to generate production; they can't move. View Jim Hackett ( Profile )’s profile on LinkedIn, the world’s largest professional community. So, we put that together and then we have shared that. See the complete profile on LinkedIn and discover James’ connections and jobs at similar companies. 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. He holds a bachelor's degree in general studies. It's three years before that it's in consideration. 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. The country is in a panic, desperate need for ventilators, people in hospitals, people in the government are looking everywhere.