A day after the reported personnel changes at the Ford Motor Company, the American automaker has just made an official announcement regarding the change in command. Now named as the next CEO, Jim Hackett steps up to the helm of Ford’s global leadership structure. Hackett is but one person to take a new shift in Ford’s chain of command, with several other positions being vacated or created in a bid to improve Ford’s core automotive business.

Having served on Ford’s executive board since 2013, Hackett, aged 62, has also been credited with previously leading Steelcase Inc.’s turnaround to become the world’s number one office furniture manufacturer. Since March 2016, Hackett has also been in charge of Ford Smart Mobility LLC. In his new role as CEO, he will report to executive chairman Bill Ford to focus on execution of operations and the overall modernization of Ford as a company.

“We’re moving from a position of strength to transform Ford for the future,” says Bill Ford. “Jim Hackett is the right CEO to lead Ford during this transformative period for the auto industry and the broader mobility space. He’s a true visionary who brings a unique, human-centered leadership approach to our culture, products and services that will unlock the potential of our people and our business.”

Ford officially names Jim Hackett as new CEO

Hackett adds: “I am so excited to work with Bill Ford and the entire team to create an even more dynamic and vibrant Ford that improves people’s lives around the world, and creates value for all of our stakeholders. I have developed a deep appreciation for Ford’s people, values and heritage during the past four years as part of the company and look forward to working together with everyone tied to Ford during this transformative period.”

Aside from Hackett's new role, three other individuals have now been assigned key positions in Ford's new structure:

Jim Farley will now be executive vice president and president of Global Markets. Previously being executive vice president of Ford of Europe, Middle East, and Africa, Farley now expands this role towards other markets like The Americas and to Asia.

Joe Hinrich is now executive vice president and president of Global Operations. Hinrich will oversee product development, manufacturing, and labor affairs globally.

Lastly, Marcy Klevorn will take on the role of executive vice president and president of Mobility. Klevorn will take over the post left by Hackett at Ford Smart Mobility LLC. Ford have established the Smart Mobility arm in a bid to grow and invest in mobility services as well as information technology.

As the CEO, Hackett will be leading Ford’s global operations and will be in charge of 202,000 employees worldwide. He replaces Mark Fields, who elected to retire from Ford following a 28-year tenure at the blue oval.