Jim Farley

Farley was born to a banker father in Buenos Aires, Argentina, where he spent his early years, before moving to Greenwich, Connecticut. Before university, Farley attended Portsmouth Abbey School, a Catholic, college preparatory school in Portsmouth, Rhode Island. He graduated from Georgetown University and then later, the UCLA Anderson School of Management at the University of California, Los Angeles.

Farley's grandfather worked at Henry Ford's River Rouge Plant in 1918. He is a cousin of the entertainers Chris Farley, Kevin Farley, and John Farley. He is also a cousin of Carolina Hurricanes TV analyst and former NHL and AHL player Tripp Tracy.

Before joining Ford in November 2007, Farley was group vice president and general manager of Lexus, responsible for all sales, marketing, and customer satisfaction activities for Toyota’s luxury auto brand. From 2015 to 2017, he was CEO and chairman of Ford Europe. From June 2017 to May 2019, he was executive vice president and president of global markets. In May 2019, Farley was appointed president, New Business, Technology and Strategy. In February 2020, Farley was named as COO.

On August 4, 2020, Ford announced that Farley would succeed Jim Hackett as the CEO of Ford on October 1, 2020. At the same time, it was announced that Hackett would retire and become a special advisor.

Farley has consistently earned over $20,000,000 annually in his role as CEO of Ford. In 2025, his total compensation rose 11% from the previous year to approximately $27,500,000. Over the same period of time, Ford issued a record-setting 153 recall orders, prompting concerns over the company's long-term quality control measures.

Farley was on the Harley-Davidson board of directors from July 2021 to February 2026, in an effort to revitalize the motorcycle maker and prepare it for electrification. In February 2026, Farley was elected to the McDonald's board of directors, effective February 4, 2026.