Jim Hackett retired from his function as CEO of the Ford Motor Firm final 12 months and has now discovered an much more snug seat on the Board of Administrators at American furnishings producer La-Z-Boy.
The appointment truly makes quite a lot of sense once you have a look at Hackett’s background. Earlier than moving to Ford in 2017, he spent 30 years at Steelcase, a Michigan-based workplace furnishings firm.
“Jim is a welcome addition to our board,” mentioned Kurt L. Darrow, Chairperson, President, and CEO of La-Z-Boy. “An astute thought chief, his eager understanding of the buyer is matched by his capability to shortly identify changes in the marketplace and marry the 2 along with progressive product choices.”
The transfer truly signifies that La-Z-Boy’s Board of Directors will develop to 10 members. Ford’s ex CEO will serve on the Audit Committee and the Nominating and Governance Committee.
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Hackett introduced his retirement from Ford in October 2020. The choice to step down a 12 months forward of schedule meant that Jim Farley, who was COO on the time, ascended to the function of CEO.
Farley is Ford’s third CEO in six years and is overseeing the corporate by means of a sea change. Hackett, in the meantime, was in cost throughout an enormous shakeup of his personal and noticed the discontinuation of almost every passenger car in the automaker’s North American lineup to make room for extra vehicles, SUVs, and crossovers.
Whether or not or not his time at La-Z-Boy can be as adventurous as it was at Ford, stays to be seen. The furnishings firm, although, appears fairly optimistic.
“With demonstrable profession successes at each Steelcase and Ford, together with three many years of workplace furnishings expertise, we’re happy to get pleasure from his perception, foresight, and knowledge as we transfer into our subsequent part of development,” mentioned Darrow. “Jim will undoubtedly make a major contribution to our firm.”
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