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Ford CEO Jim Hackett retires after three years in top job – Roadshow

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Jim Hackett is no stranger to running a company, but it’ll be his first time at the helm of a global automaker.
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On Tuesday, Ford announced CEO Jim Hackett, the man charged with righting the Blue Oval’s ship and guiding it toward the future, will retire.

Hackett moved to the top position after the surprise ousting of then-CEO Mark Fields at Ford in 2017. As the outgoing CEO of the Blue Oval, Hackett oversaw a flurry of investments into electric vehicles, mobility and autonomous cars. In the announcement, Hackett said his top priority was to “prepare Ford to win in the future.”

“I’m very proud of how far we have come in creating a modern Ford and I am very optimistic about the future,” he added in a statement. The decision comes as Ford undergoes a transformation to the tune of $11 billion, which hasn’t lit a spark on Wall Street thus far. Shares of Ford are down almost 40% as of Monday since Hackett stepped in as CEO.

It will be a short legacy for Hackett, but it’s hard to draw any major conclusions right away.

Under Hackett, Ford made big decisions to shape its future. The CEO sent nearly all of the automaker’s passenger cars to the automotive graveyard in a move, while controversial to this day, appears to have paid off. With the Fiesta, Focus, Fusion and Taurus out, Ford continues to make room for new crossovers, SUVs and likely an even smaller pickup truck to sit under the Ranger as a new entry-level model. The Mustang remains Ford’s only passenger car sold in the US.

He also moved Ford to rally around “icons.” Under his leadership, Hackett pushed the automaker to not only dump underperforming cars, but created subsets we’ll see Ford continue to build out. The 2021 Ford Bronco and Mustang Mach-E both serve as guiding lights for Ford moving forward. The Bronco fills the top icon position, while the Bronco Sport expands the historic nameplate to new areas. As for the Mustang Mach-E, it helps pave the way for future electrification from the pony car. Indeed, Hackett was also instrumental in pivoting the EV project, which became the Mustang Mach-E, to a wilder, performance-oriented side.

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While Hackett’s ascension was a tad unorthodox inside Ford, his replacement, Jim Farley’s, is far more traditional. He currently holds the chief operating officer position but joined Ford in 2007 in a global sales and marketing role. He’s since led the Lincoln division, Ford of Europe and other divisions before landing as head of Ford’s new business segment responsible for software, AI and more.

Farley and Hackett will work together in the next couple months to smooth the former’s transition into the CEO role. Hackett will officially step down Oct. 1, though he plans to remain in a special advisor role to Ford through March 2021.

Source : CNET Read More

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Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp

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Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

White Wireless Charge Lamp | $18 | Amazon | Clip coupon + code ABC88699
Black Wireless Charger Lamp | $20 | Amazon | Promo code ABC88699

When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.

With this wireless charger lamp, you can make this crucial step of your nightly routine even easier by just setting your phone on the wireless charging pad and… well, that’s all there is to it!

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Don’t sleep on this deal! Who knows how long stock or the coupon code will last?

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Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

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That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

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Grab this offer while it’s still around!


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Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

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You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

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