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Iconic car brand Ford Motor Company F has had 11 CEOs in its history, including Henry Ford used to lead the company in the early days. Here’s a look at stock performance since the 11th CEO, Jim Farley, take over
What happened: In August 2020, Ford announced that Jim Hackett will retire and Farley will take over as the new CEO. In October 2020, Farley officially became the head of the 100+ year old automotive brand and has led the company ever since.
Prior to becoming CEO of Ford, Farley held roles at the company that included Executive Vice President of Global Marketing, Sales & Services; Executive Vice President of Ford Europe, Middle East and Africa; President of New Business, Technology and Strategy; and Chief Operations Officer.
Farley has had various roles in Toyota Motor Company TM from 1990 to 2007 before joining Ford.
On his first day at Ford, Farley outlined a plan to turn the company around, with a focus on high-growth initiatives and the company’s strongest franchises. Farley also outlined plans to invest more than $11 billion in electric vehicle growth efforts.
Related Link: 5 Things You May Not Know About Ford CEO Jim Farley
Investing $1,000 in Ford Stock: Farley’s first day at Ford was October 1, 2020, a day when Ford shares traded between $6.71 and $6.77.
A $1,000 investment could have earned 148.15 Ford shares. A $1,000 investment in Ford stock is worth $2,054.84 today, based on a price of $13.87 at the time of writing.
This represents a return of 105.5% since Farley took over as Ford CEO. Investors would have had an average return of about 52.8% since that time.
Ford shares hit a high of $25.87 in January 2022 under Farley’s leadership. A $1,000 investment would have been worth $3,832.64 at its peak, good for a hypothetical return of 283.3% in less than 1.5 years.
Read Next: Ford Q3 Earnings Highlights: Revenue Beat, EPS Miss, Electric Vehicle Update And More
Photo: Courtesy of Ford Asia Pacific on flickr.
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