James Hackett Biography
James Hackett born as James Patrick “Jim” Hackett is an American businessman and the president and chief executive officer of Ford Motor Company.
James Hackett Age
Hackett was born on 22 April 1955 in Columbus, Ohio, United States.
James Hackett Family | James Hackett Wife
Hackett family was originally from Central Ohio via County Carlow and County Galway in Ireland. He is a married man. He is married to Kathy Hackett. The couple has two sons
James Hackett Ford | James Hackett Steelcase
He held sales and management positions at Procter & Gamble in Detroit, Michigan from 1977 to 1981. He joined the Grand Rapids-based office furniture company Steelcase in 1981 holding a variety of sales and marketing positions. In 1994, he becomes the company’s CEO at 39, making him the youngest leader in the history of the company. He retired in 2014, after serving for 20 years.
During his term, Steelcase eliminated nearly 12,000 employees as part of downsizing and restructuring of the business; in 1996, he also led the company to acquire a majority stake in IDEO. He became a proponent of design thinking, which focuses on how humans experience a product. He stayed on as vice chairman of the company from 2014 to 2015.
On October 31, 2014, he became interim director of athletics at the University of Michigan, his alma mater until March 11, 2016. He led the hiring of former San Francisco 49ers coach and fellow U-M alumnus Jim Harbaugh as the university’s football coach. As interim athletic director, he donated $300,000 of his annual $600,000 salary to “Athletes Connected,” a program designed to support the mental health of student-athletes.
In 2013, he joined the Ford Motor Company’s board of directors, where he served Sustainability and Innovation Committee and the Audit and the Nominating and Governance committees.
He oversaw the formation of Ford Smart Mobility at Ford Motor Company, a unit responsible for experimenting with car-sharing programs, self-driving ventures and other programs aimed at helping Ford better compete with Alphabet Inc. Uber, and other tech giants looking to edge in on the auto industry.
On May 22, 2017, he became the president and CEO of Ford Motor Company after Mark Fields and became a member of the company’s board of directors. The company’s target is $3 billion in cost reduction and a nearly 10 percent reduction in the salaried workforce in Asia and North America this year to enhance earnings in 2018.
He serves on the board of directors for Northwestern Mutual Life in Milwaukee, Wisconsin, and the Steelcase Foundation in Grand Rapids, Michigan. He is a member of the executive committee of the board of directors for the National Center for Arts and Technology, and as the boards of advisors to the Gerald R. Ford School of Public Policy and the Life Sciences Institute at the University of Michigan. In addition, he was president of the Institute of Design Board of Overseers at the Illinois Institute of Technology.
In January 2019, he sent an email to Ford employees that read, “2018 was mediocre by any standard. Yes, we made $7 billion last year. But think of it this way: this represents a 4.4 percent operating margin, about half what we believe is an appropriate margin. So we are aiming for much closer to $14 billion
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James Hackett Net Worth | James Hackett Salary
He is ranked by Forbes among the 35 highest paid CEOs in America, with total compensation of $25.92 million, and $113.33 million over the last five years. His net worth is not disclosed
James Hackett House
Where does James Hackett live?. He is a resident of Grand Rapids, Michigan.