Dearborn — Ford Motor’s new CEO Jim Farley wasted no time in his first day on the job by setting a tone of urgency and shaking up the vehicle maker’s management team.

Farley, who took over as CEO on Thursday from Jim Hackett, has said he is looking for fresh thinking to pull Ford out of a slump that it expects will lead to its first annual loss in a decade this year. He named John Lawler, a 30-year company veteran who has headed Ford’s autonomous-vehicles unit, as his new CFO, the carmaker said in a statement...

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