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James Hackett Net Worth

James Hackett net worth 2023: James Patrick Hackett is an American businessman. He was the president and chief executive officer of Ford Motor Company. Hackett holds a position on the Board of Directors for State Farm Mutual Automobile Insurance Company. Hackett serves on the board of directors for Northwestern Mutual Life in Milwaukee, Wisconsin, and the Steelcase Foundation in Grand Rapids, Michigan. He is a member of the executive committee of the board of directors for the National Center for Arts and Technology, as well as the boards of advisors to the Gerald R. Ford School of Public Policy and the Life Sciences Institute at the University of Michigan. Additionally, he is a past president of the Institute of Design Board of Overseers at the Illinois Institute of Technology.


James Hackett Net Worth

What is James Hackett net worth?

Net worth$150 million
NameJames Patrick Hackett
Date of birthApril 22, 1955

James Hackett net worth 2023: James Patrick Hackett is an American businessman. He was the president and chief executive officer of Ford Motor Company.

James Hackett Net Worth: Early life

The Hackett family originally moved to Central Ohio via County Carlow and County Galway in Ireland. Hackett is a 1977 graduate of the University of Michigan, where he played center on the football team. He holds a bachelor’s degree in general studies. He and his wife, Kathy, have two sons. They reside in Grand Rapids, Michigan.


The Hacketts are from the southern and central parts of Ireland, from counties Waterford and Cork in the south to County Carlow in the east and County Galway in the west.

The family moved to Ohio in 1852, leaving his great-grandfather, William, the last to be born in Ireland, in 1851. Both he and his later son, William J. Hackett, married women of Irish descent and all were farmers in central Ohio.

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From 1977 to 1981, Hackett held sales and management positions at Procter & Gamble in Detroit, Michigan.

Hackett spent thirty years with the Grand Rapids-based office furniture company Steelcase. He joined Steelcase in 1981, holding a variety of sales and marketing positions. In 1994, Hackett was named CEO at age 39, making him the youngest leader in the history of the company.

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He held the position for nearly twenty years before retiring in 2014. During his tenure, Steelcase eliminated nearly 12,000 employees as part of a downsizing and restructuring of the business; he also led the company to acquire a majority stake in IDEO in 1996. 

During this time Hackett became a proponent of design thinking, which focuses on how humans experience a product. Hackett stayed on as vice chairman of the company from 2014 to 2015.

He was interim director of athletics at the University of Michigan, his alma mater, from October 31, 2014 to March 11, 2016. Hackett led the hiring of former San Francisco 49ers’ coach and fellow University of Michigan alumnus Jim Harbaugh as the university’s football coach.

 He donated $300,000 of his annual $600,000 salary as interim athletic director to “Athletes Connected,” a program that’s designed to support the mental health of student-athletes.


In 2013, Hackett joined the Ford Motor Company’s board of directors. He served on its Sustainability and Innovation Committee and the Audit and the Nominating and Governance committees.

In March 2016, Hackett was named chairman of Ford Smart Mobility, a subsidiary of Ford formed to accelerate the company’s plans to design, build, grow, and invest in emerging mobility services.

Before Ford, Hackett retired as CEO of Steelcase after spending 20 years leading the global office furniture company. He graduated from the University of Michigan with a bachelor’s degree in 1977.

Hackett oversaw the formation of Ford Smart Mobility, a unit responsible for experimenting with car-sharing programs at Ford Motor Company, self-driving ventures and other programs aimed at helping Ford better compete with Uber, Alphabet Inc. and other tech giants looking to edge in on the auto industry.

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On May 22, 2017, Hackett succeeded Mark Fields as president and CEO of Ford Motor Company. He is also a member of the company’s board of directors. The move came as Ford announced cuts to its global workforce amid efforts to address the company’s declining share price and to improve profits. 

On August 4, 2020, Ford announced that COO Jim Farley will succeed Jim Hackett as the CEO of Ford on October 1, 2020. Hackett retired and become a special adviser until March 2021.

What is James Hackett salary?

Former Ford CEO Jim Hackett received total compensation of $16.7 million in 2020 for running the company for nine months, according to documents the Dearborn automaker released Thursday. That’s down slightly from nearly $17.4 million in 2019.

Hackett holds a position on the Board of Directors for State Farm Mutual Automobile Insurance Company

James Hackett Net Worth

As of 2023, James Hackett Net Worth is valued at $150 million.

James Hackett Net Worth

James Hackett net worth is $150 million.


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