Ford set to fire and replace CEO Mark Fields

2017-05-22 16

Ford Motor is set to fire and replace chief executive Mark Fields, according to new reports. Jim Hackett, the man who works on autonomous vehicles, plans to take over for Fields. Fields has been under fire throughout his three-year tenure at Ford, where the automaker's share dropped by 40 percent. The move comes less than two weeks after Fields was criticized by shareholders for Ford's lagging financial results.

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