Ford turns to a 'car guy' to lead the company into the future

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It's hard to imagine two people more different from one another than Jim Hackett, the departing CEO of Ford, and Jim Farley, his incoming replacement

Farley has a passion for fast, powerful cars from the company's history, like the Ford GT40 race car and the Shelby Cobra, both of which he has owned over the years and clearly loved driving. He has worked in leadership roles at Ford for more than a decade and he was at Toyota for 17 years before that, where he headed the company's Lexus brand in the US.

After Alan Mulally took over in 2006, Ford employees would go out of their way to tell me how enthusiastic they were for their new leader. He inspired them. Like Hackett, Mulally was an outsider having led Boeing's commercial airplane business. While he never claimed to know much about cars, those who worked for him didn't seem to hold his lack of automotive bona fides against him.

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