Ford will soon announce the termination of the appointment of Mark Field as the auto maker’s Chief Executive Officer.
|Mark Field. Image credit: Wikipedia.|
According to reports, the termination of Mr Field’s appointment is due to a raft of personnel changes in its upper ranks.
Ford CEO Mark Field have lost the confidence of the Board of directors after profits, market share, and stock prices have plummeted under his leadership.
The Head of Ford Smart Mobility LLC James P. Hackett, will be replacing Mr Field as Fords new CEO.
Hackett has served as CEO of office furniture manufacturer Steelcase, and as interim athletic director at the University of Michigan.