C
Chris Mills
Guest
In a major shakeup today, Ford has ousted longtime CEO Mark Fields and replaced him with Jim Hackett, the former executive in charge of Ford's self-driving car program and a widely acknowledged "transformational business leader."
Hackett's experience will be a huge change from Fields, who was the definition of a company man. Fields was recruited by Ford in 1989 and worked his way up through the business, starting with regional positions and moving up to the Chief Operating Officer by 2012. He was appointed CEO in 2014, but since then Ford's share price has plummeted by 40%.
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