Jim Farley, of Ford Motor Co., talks about the future of the automobile and how Ford will innovate and change demand like they did with the Model T.

Detroit Free Press

At 8 a.m. Thursday on the first day of Jim Farley stepping into his new CEO role at Ford Motor, the company announced “operational and leadership changes” designed to do what Farley has promised publicly: drive growth and speed transformation of the 117-year-old automaker.

The plan, Ford said, is to “turn around automotive operations; allocate capital to Ford’s strongest franchises and high-growth opportunities, and produce compelling, uniquely Ford electric vehicles at scale.”

First of all, Farley replaced the relatively new Chief Financial Officer Tim Stone with Ford veteran John Lawler, 54, effective immediately. Lawler will oversee the finance and Ford Motor Credit operations. Stone accepted a job at ASAPP Inc., an artificial intelligence software company.

Ford CEO Jim