Economy, Auto

New CEO at Ford

New CEO  at Ford  New CEO  at Ford

The US Ford Motor Co. is replacing CEO Mark Fields amid questions about its current performance and future strategy. CEO Mark Fields is “retiring” at age 56 after 28 years at the company, said a source who spoke on condition of anonymity because the official announcement has not been made, Associated Press reported on Monday. Fields will be replaced by Jim Hackett, who joined Ford’s board in 2013, the source said. Hackett has led Ford’s mobility unit since last year. He is the former CEO of office furniture maker Steelcase. As CEO, Fields began Ford’s transition from a traditional automaker into a “mobility” company, laying out plans to build autonomous vehicles and exploring new services such as ride-hailing and car-sharing.  Under Fields, Ford achieved a record pretax profit of $10.8 billion in 2015 after the company’s new aluminum-sided F-150 pickup went on sale.


Add new comment

Read our comment policy before posting your viewpoints