Ford's CEO Switch-Out Shows that the Automaker is Still a Family Business — and that Bill Ford is Still in Charge
- Ford announced on Tuesday that CEO Jim Hackett will retire October 1 and be replaced by current COO Jim Farley.
- Ford remains a family business, overseen by Bill Ford, the company's chairman and great-grandson of founder Henry Ford.
- The carmaker's share price has been in decline for years, through three different CEOs. The Ford family still controls the company — and relies on the stock...