
James Hackett
American businessman (born 1955)
James Patrick Hackett (born April 22, 1955) is an American businessman. He was the president and chief executive officer of Ford Motor Company from May 2017 to October 2020.2
From Wikipedia’s article on James Hackett (this version), CC BY-SA 4.0.
Born Apr 22, 1955.1
Companies
- State Farm InsuranceBoard member Mar 2021 to now10
- La-Z-BoyBoard member Feb 22, 2021 to Sep 3, 202411
- Ford Motor CompanyPresident May 24, 2017 to Sep 11, 202012
- Ford Motor CompanyBoard member Sep 17, 2013 to Sep 11, 202013
- Ford Motor CompanyChief executive officer May 2017 to Sep 202014
- Fifth Third BancorpBoard member Sep 23, 2003 to Apr 16, 201515
- SteelcaseBoard member Mar 10, 2006 to Mar 2, 201516
- SteelcaseChief executive officer Mar 10, 2006 to Mar 4, 201416
- SteelcasePresident Mar 10, 2006 to Apr 17, 201316
Holdings
Stock this person has reported owning, from the forms officers and directors file with the SEC. See the biggest insider stakes.
Shares held
Ford Motor Company F613,977 shares17$7.6M at $12.44Aug 20, 2020
Fifth Third Bancorp FITB73,198 shares18$3.7M at $50.78Apr 14, 2015
La-Z-Boy LZB13,054 shares19$381.8K at $29.25Aug 29, 2024
As of each latest filing. The line shows shares held over time.
Recent filings
- Aug 29, 2024Granted 3,372 shares of La-Z-Boy19
- Sep 1, 2023Exercised options 4,582 shares of La-Z-Boy20
- Aug 31, 2023Granted 3,890 shares of La-Z-Boy20
- Feb 25, 2021Bought 175 shares at $42.66 of La-Z-Boy21
- Feb 24, 2021Bought 255 shares at $39.67 of La-Z-Boy22
- Feb 23, 2021Bought 260 shares at $39.90 of La-Z-Boy22
- Feb 22, 2021Bought 260 shares at $40.27 of La-Z-Boy22
- Feb 19, 2021Bought 260 shares at $39.03 of La-Z-Boy23
- Aug 20, 2020Gift 300,000 shares of Ford Motor Company17
- Aug 20, 2020Gift 300,000 shares of Ford Motor Company17
- Jul 27, 2020Gift 49,391 shares of Ford Motor Company17
- Jul 27, 2020Gift 49,391 shares of Ford Motor Company17
- May 22, 2020Shares withheld for tax 116,169 shares at $5.65 of Ford Motor Company24
- May 22, 2020Exercised options 212,837 shares of Ford Motor Company24
- May 22, 2020Exercised options 53,604 shares of Ford Motor Company24
- Mar 19, 2020Shares withheld for tax 85,998 shares at $4.47 of Ford Motor Company25
- Mar 19, 2020Exercised options 197,241 shares of Ford Motor Company25
- Mar 2, 2020Shares withheld for tax 100,580 shares at $7.20 of Ford Motor Company26
- Mar 2, 2020Exercised options 90,639 shares of Ford Motor Company26
- Mar 2, 2020Exercised options 22,828 shares of Ford Motor Company26
- Mar 2, 2020Exercised options 165,000 shares of Ford Motor Company26
- Feb 3, 2020Sold 20,000 shares at $8.86 of Ford Motor Company27
- Jan 3, 2020Sold 20,000 shares at $9.29 of Ford Motor Company28
- Dec 3, 2019Sold 20,000 shares at $8.92 of Ford Motor Company29
- Nov 4, 2019Sold 20,000 shares at $8.95 of Ford Motor Company30
Trade performance
| Date | Stock | Trade | Value | Return since | Vs S&P since | Vs S&P, 1 year |
|---|---|---|---|---|---|---|
| Feb 25, 2021 | LZB | Buy | $7.5K | −26.4% | −128.3% | −44.0% |
| Feb 24, 2021 | LZB | Buy | $10.1K | −26.9% | −123.9% | −40.6% |
| Feb 23, 2021 | LZB | Buy | $10.4K | −23.1% | −122.3% | −38.7% |
| Feb 22, 2021 | LZB | Buy | $10.5K | −23.0% | −122.4% | −40.4% |
| Feb 19, 2021 | LZB | Buy | $10.1K | −21.8% | −119.6% | −38.5% |
| Feb 3, 2020 | F | Sale | $177.2K | +38.4% | +99.7% | −3.2% |
| Jan 3, 2020 | F | Sale | $185.8K | +35.0% | +104.4% | +21.9% |
| Dec 3, 2019 | F | Sale | $178.4K | +39.8% | +109.5% | +15.0% |
| Nov 4, 2019 | F | Sale | $179.0K | +38.1% | +113.0% | +21.8% |
| Oct 3, 2019 | F | Sale | $170.8K | +42.7% | +123.0% | +35.8% |
| Sep 3, 2019 | F | Sale | $183.2K | +36.6% | +128.9% | +46.7% |
| Jul 3, 2019 | F | Sale | $204.0K | +21.9% | +136.4% | +45.2% |
| Jun 3, 2019 | F | Sale | $192.2K | +29.3% | +151.7% | +50.8% |
Returns are price-only (no dividends), measured from the trade date.
Early life and education
- Date not recordedUniversity of Michigan College of Literature, Science, and the Arts3
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.
From Wikipedia’s article on James Hackett (this version), CC BY-SA 4.0.
Career
Occupation: businessperson, chief executive officer.7
- Since 2021Board member, State Farm Insurance5
- 2017 to 2020CEO of Ford Motor Company6
- 2017 to 2020Chief executive, Ford Motor Company4
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. 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 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.
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.
On May 22, 2017, Hackett succeeded Mark Fields as president and CEO of Ford Motor Company. He was 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 improve profits. The company targeted $3 billion in cost reductions and a nearly 10 percent reduction in the salaried workforce in Asia and North America to enhance earnings in 2018.
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.
In January 2019, Hackett sent an email to Ford employees that read, "2018 was mediocre by any standard. Yes, we made $7 billion last year. But think of it this way: this represents a 4.4 percent operating margin, about half what we believe is an appropriate margin. So we are aiming for much closer to $14 billion."
On August 4, 2020, Ford announced that COO Jim Farley would succeed Hackett as the CEO of Ford on October 1, 2020. Hackett retired and became a special adviser until March 2021.
Hackett holds a position on the Board of Directors for State Farm Mutual Automobile Insurance Company.
From Wikipedia’s article on James Hackett (this version), CC BY-SA 4.0.
Personal life
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataJames Hackett on Wikidata
- 2WikipediaJames Hackett on Wikipedia
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- 11SEC EDGARLa-Z-Boy, Board member
- 12SEC EDGARFord Motor Company, President
- 13SEC EDGARFord Motor Company, Board member
- 14Wikidata and SEC EDGARFord Motor Company, Chief executive officer
- 15SEC EDGARFifth Third Bancorp, Board member
- 16SEC EDGARSteelcase, Board member
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- 20SEC EDGARForm 4 filed Sep 5, 2023
- 21SEC EDGARForm 4 filed Mar 1, 2021
- 22SEC EDGARForm 4 filed Feb 24, 2021
- 23SEC EDGARForm 4 filed Feb 22, 2021
- 24SEC EDGARForm 4 filed May 27, 2020
- 25SEC EDGARForm 4 filed Mar 23, 2020
- 26SEC EDGARForm 4 filed Mar 4, 2020
- 27SEC EDGARForm 4 filed Feb 5, 2020
- 28SEC EDGARForm 4 filed Jan 7, 2020
- 29SEC EDGARForm 4 filed Dec 4, 2019
- 30SEC EDGARForm 4 filed Nov 6, 2019
- 31Wikimedia CommonsJames Hackett photo by Maize & Blue Nation, CC BY 2.0