By Jason Siu Mark Fields was at the helm of Ford since mid-2014.
Replacing Fields as Ford CEO is Jim Hackett, former CEO of Steelcase Inc. Hackett has led Ford Smart Mobility LLC since March 2016 and served on the American automaker’s board from 2013 to 2016. Ford said in its official statement that Fields “is retiring,” but it is reported that Fields has been fired as a result of the company’s slumping stock price, which has dropped nearly 40 percent while he was CEO.
Fields replaced Alan Mulally as CEO in mid-2014 and previously served as CEO of Mazda when it was controlled by
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