The Automotive Corridor of Fame on Tuesday announced it has named Ford Motor Co. Jim Farley its 2022 Business Leader.
The Dearborn-centered nonprofit provides out its Market Leader award to a single unique each individual 12 months “who demonstrated exceptional leadership in the automotive business,” according to a information release.
“For practically 120 years Ford has performed an important part in shaping mobility and positively impacting modern society,” Sarah Cook, president of the Automotive Hall of Fame, said in a statement. “The Corridor is excited to acknowledge Jim Farley and his modern management in reworking Ford and the automotive industry to e-mobility options.”
Farley took more than as CEO of the Dearborn automaker in October 2020, and in May 2021 laid out a turnaround prepare, dubbed Ford+, that is centered on electrification, digital connectivity and industrial vehicles. Also in the course of Farley’s tenure as CEO, the automaker has launched an electric powered variation of its finest-advertising F-150 pickup truck, restructured its legacy inner combustion engine and electric powered motor vehicle businesses into independent organization units, and accelerated its targets and investments around electrification.
In a assertion, Farley said he was honored by the recognition from The Hall: “As a grandchild of a Ford factory worker, I feel a deep perception of obligation to our workforce all over the world to guard Ford for foreseeable future generations.”
He will be identified alongside with the earlier introduced 2022 Automotive Corridor of Fame inductees at an induction and awards ceremony July 21 at The Icon in Detroit. Information and facts about celebration sponsorships is available at www.automotivehalloffame.org/2022-sponsorships/.