 "Ford board leaves embattled CEO with little room left for error")
A little executive bloodletting can sometimes ease the pressure on an embattled chief executive officer (CEO). But Jim Hackett is unlikely to see any letup from Ford’s board following the surprise early retirement of one his two top lieutenants.
Joe Hinrichs, Ford’s 53-year-old automotive president, will leave on March 1 after almost two decades with the company. As a rising star under celebrated former CEO Alan Mulally, he was put on the fast track to be a potential heir to the top job.
With Hinrichs out of the picture, Ford is elevating Jim Farley, the company’s only other president, to become the
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