Ford CEO Mark Fields About To Lose His Job (Updated)

Amid falling sales, Ford is reportedly going to replace current CEO Mark Fields with the firm's autonomous vehicle boss James Hackett
Ford CEO Mark Fields About To Lose His Job (Updated)

It looks like it’ll be all change at the top for Ford today, with the firm reportedly set to remove Mark Fields as CEO.

Forbes and The New York Times are both reporting that Fields (above) will be replaced by Jim Hackett today, amid falling sales that have seen Ford’s share price drop by 40 per cent since Fields took the helm in 2014.

Ford is also in the midst of a drastic $3 billion cost-cutting scheme, which will result in its North American and Asian work forces being slashed by 10 per cent.

Ford CEO Mark Fields About To Lose His Job (Updated)

Hackett (above) will join from Ford Smart Mobility (in other words, the autonomous motoring bit of the company), where he’s been in the position of chairman since March 2016.

Ford is expected to make an official announcement when the New York Stock Exchange opens today at 9.30am Eastern.

Update: the change of leadership with Ford is now official, with Hackett taking the job and Fields leaving Ford after 28 years with the company. Speaking about his new role, Hackett had this to say:

“I am so excited to work with Bill Ford and the entire team to create an even more dynamic and vibrant Ford that improves people’s lives around the world, and creates value for all of our stakeholders. I have developed a deep appreciation for Ford’s people, values and heritage during the past four years as part of the company and look forward to working together with everyone tied to Ford during this transformative period.”

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Comments

lowie t

“Autonomous vehicle boss”
Does that mean the next mustang will hit crowds on its own?

05/22/2017 - 11:13 |
45 | 7

BREAKING NEWS: FORD MUSTANG CRASH CROWDS UNEXPECTEDLY IN NYC, 400 KILLED

05/22/2017 - 11:34 |
7 | 6
BV86_OFISHAL (AUDM Fanboy)
05/22/2017 - 11:14 |
100 | 2

But he is the best on the FIELDS right now

05/22/2017 - 11:35 |
26 | 2

I am dead

05/22/2017 - 12:00 |
0 | 0
Roadster / Tail Red

Off topic question, but what is the name of these rims?

05/22/2017 - 11:17 |
11 | 0

Ford brand Pizza Crusts

05/22/2017 - 11:23 |
22 | 0

it’s a standard wheel for the next generation of Fiesta ST

05/22/2017 - 12:03 |
5 | 0
Anonymous

Looks like the manual’s time really is at an end… Guarentee that STs will soon feature automatics and then probably semi-autonomy 10 years later…

05/22/2017 - 12:35 |
1 | 0
Greenbaracuda

In reply to by Anonymous (not verified)

I don’t think so they didn’t gave auto to Focus ST or RS, even GT350R. They always give priority to driving plesure

05/22/2017 - 12:59 |
2 | 0
Anonymous

In reply to by Anonymous (not verified)

Well, maybe the only choice is buy a used cars 😂 but I prefer Japanese car, because the aftermarket parts still a lot.

05/22/2017 - 13:21 |
0 | 0
MagooMan418 (911 Army)

Must’ve hit him hard in the FIELDS

05/22/2017 - 13:38 |
3 | 1
blindhobo

Guess he wasnt FOCUSing on the job enough
I’ll walk myself out…

05/22/2017 - 14:52 |
2 | 0
Black Phillip

HAHAHAHAHAHAHAHAHAHAHhhAHAHA

05/22/2017 - 15:25 |
0 | 3
DJ N

This new guy better not make everything all autonomous

05/22/2017 - 15:49 |
11 | 0
Anonymous

In reply to by DJ N

That’d be horrible.

05/23/2017 - 17:12 |
1 | 0
Rob S

Any updates? is 2:20 eastern…

05/22/2017 - 18:19 |
0 | 0
Wogmidget

That’s what you get for letting the Falcon die

05/22/2017 - 22:13 |
2 | 1