As Jim Farley, the incoming CEO of Ford Motor, promised greater transparency to Wall Street and a clear plan for the future, the stocks of Ford have been up by 70%.
Ford was believed to be behind the curve in terms of all-electric and driverless vehicles, connectivity, and software at the time. Wall Street was perplexed by its messaging and plans, prompting its stock to plummet.
“What matters to us and the team is delivering on strong business results. As far as communicating to Wall Street … one of the most important commitments that we’re making as a team is a clear and specific plan for the company and the company’s transformation,” stated CEO Jim Farley.
Farley, 60, has mostly fulfilled his promises two years later through the company’s ongoing Ford+ transformation strategy, but there is still work to be done.
