Former Ford CEO Jim Hackett decided to retire a year early and pass the reigns on to incumbent Jim Farley, a transition that took place last October. Hackett had led the automaker since 2017, but prior to that, he spent 30 years at Steelcase (20 as its CEO), a global leader in office furniture. So it doesn’t come as a huge surprise that La-Z-Boy, a global leader in residential furniture, has named Jim Hackett to its Board of Directors, effective immediately.
Hackett will serve on the Audit Committee and Nominating and Governance Committee, and his addition increases the size of the La-Z-Boy board to 10 members. He still serves as a Special Advisor to Ford Motor Company following his stint at the automaker, during which Ford moved aggressively into the era of smart vehicles while Hackett strengthened the company’s base business by restructuring operations and invigorating the product portfolio.
Before serving as CEO, Hackett was chairman of Ford Smart Mobility LLC, a subsidiary of Ford. He also served on Ford’s Board from 2013 through 2020, after he retired from Steelcase and served as its Vice-Chairman from 2014 to 2015.
“Jim is a welcome addition to our board,” said Kurt L. Darrow, Chairman, President and Chief Executive Officer of La-Z-Boy Incorporated. “An astute thought leader, his keen understanding of the consumer is matched by his ability to quickly identify changes in the marketplace and marry the two together with innovative product offerings. With demonstrable career successes at both Steelcase and Ford, including three decades of office furniture experience, we are pleased to have the benefit of his insight, foresight, and wisdom as we move into our next phase of growth. Jim will undoubtedly make a significant contribution to our company.”