Connect with us

NET WORTH

James Hackett Net Worth

James Hackett net worth

What is James Hackett net worth?

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

James Hackett net worth 2021: James Patrick Hackett is an American businessman. He was the president and chief executive officer of Ford Motor Company.

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.

Read Chuck Robbins net worth

Career

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.

Read James Quincy net worth

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.

Advertisements

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.

Advertisements

 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.

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.

Read Michael Dell net worth

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.

James Hackett Net Worth

James Hackett net worth is $150 million.

Trending