Ford Motor Company F, an iconic automotive brand, has had 11 CEOs in its history, including Henry Ford, who previously led the company in the early days. Here is a look at the stock performance since the 11th CEO, Jim Farley took over.
What Happened: In August 2020 Ford announced that Jim Hackett was retiring and Farley would take over as the new CEO. In October 2020, Farley became the head of the 100-year-old automotive brand and has led the company since.
Prior to becoming the CEO of Ford, Farley held positions with 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 Businesses, Technology and Strategy, and Chief Operations Officer.
Farley held various positions at Toyota Motor Company TM from 1990 to 2007 before joining Ford.
Farley laid out a plan to turn around the company, with a focus on high-growth initiatives and the company's strongest franchises on his first day with Ford. Farley said he plans to invest over $11 billion into efforts for electric vehicle growth.
Investing $1,000 in Ford Stocks: Farley's first day with Ford was October 1, 2020, a day when Ford shares traded between $6.71 and $6.77.
A $1,000 investment could have acquired 148.15 shares of Ford. The $1,000 investment in Ford stock would be worth $2,054. Today, the price was $13.87 at the time of writing, and was 84 at the time of writing.
This is a return of 105.5% since Farley took over as CEO of Ford. Since that time, the average return of investors would have been around 52.8%.
Under Farley's leadership, Ford shares hit an all-time high of $25.87 in January 2022. The $1,000 investment would have been worth $3,832. At its peak, 64 was good for a hypothetical return of 283.3% in less than 1.5 years.