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Ford reshuffles senior management; new CEO to rely on veterans

The company will cut 1,400 white-collar positions and is expected to make significant cost cuts

Reuters  |  Bengaluru/Detroit 

Ford Motor Company on Thursday outlined a broad reshuffling of senior management under its new chief executive officer, including a new vice president for autonomous and electric vehicles hired away from ride services power Uber. James Hackett, named CEO on Monday, has said he wants to streamline the company's hierarchy and speed up decision-making. But Thursday's executive moves indicate Hackett will rely mainly on Ford veterans to get the job done, instead of bringing in outside talent. The new vice president for Ford's autonomous vehicles and electrification, ...

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First Published: Thu, May 25 2017. 21:45 IST