Author: Vitaliy Dadalyan

Ford's new CEO Farley promises urgency at automaker, shakes up management

Ford Motor Co's new chief executive, Jim Farley, on Thursday promised the U.S. automaker would move with urgency, responding to investor and analyst criticism of the speed at which his predecessor acted. Farley, on his first day as Ford's 11th CEO, also announced an executive shake-up that included naming a new chief financial officer. Ford's promise to accelerate its turnaround is not new at a time when it is executing an $11 billion restructuring....