Mark Fields to leave Ford

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Thread: Mark Fields to leave Ford

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    Mark Fields to leave Ford

    DETROIT (Reuters) - Ford Motor Co (F.N) Chief Executive Mark Fields is set to leave the carmaker as part of a shake-up that includes other top executive changes as the company's shares hover near a 52-week low, several media reported on Monday.

    Forbes and the New York Times reported James Hackett, head of the Ford unit that works on autonomous vehicles, would take the reins. An announcement could come as early as Monday.

    Ford shares are down nearly 40 percent since Fields, 56, took over three years ago at the peak of the U.S. auto industry's recovery. Now, U.S. auto sales are slipping, and Ford's profit margins are trailing those of larger rival General Motors Co (GM.N).


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    Re: Mark Fields to leave Ford

    Mark Fields to leave Ford.

    He got fired.
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    Re: Mark Fields to leave Ford

    Lol. Saw this one coming. I dont think this is a good thing for Lincoln

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    Yes it is being reported that Fields has been fired. Sugar coating it as "leaving" is incorrect

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    Re: Mark Fields to leave Ford

    Quote Originally Posted by Tajamassio View Post
    Yes it is being reported that Fields has been fired. Sugar coating it as "leaving" is incorrect
    i was just about to say that lol

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    Re: Mark Fields to leave Ford

    I wonder who'll replace Mark Fields?

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    Re: Mark Fields to leave Ford

    Big shake-up. With Ford floundering this is no surprise.

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    Re: Mark Fields to leave Ford

    Quote Originally Posted by Stéphane Dumas View Post
    I wonder who'll replace Mark Fields?
    http://www.detroitnews.com/story/bus...ceo/102001432/

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    Re: Mark Fields to leave Ford

    Quote Originally Posted by Stéphane Dumas View Post
    I wonder who'll replace Mark Fields?
    Some guy that was the CEO of an office furniture company.
    That sounds really great!
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    Re: Mark Fields to leave Ford

    Quote Originally Posted by eaton53 View Post
    Some guy that was the CEO of an office furniture company.
    That sounds really great!
    Formerly of Steelcase and also one time Ford Director is what it says. I take that to mean he's been there done that and going back.

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    Re: Mark Fields to leave Ford

    Quote Originally Posted by eaton53 View Post
    Mark Fields to leave Ford.

    He got fired.
    Yeah, kinda.

    FORD FIRES MARK SHIELDS.

    In other news, "der Fritzer loses Squeaker to RWR!"
    Last edited by Neanderthal; 05-22-2017 at 08:07 AM.
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    Re: Mark Fields to leave Ford

    Time for a flashback where PDL talked of Mark Fields back in 2014. http://www.autoextremist.com/current...mr-fields.html

    I wonder how PDL will react to this news?

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    Re: Mark Fields to leave Ford

    I wonder if the new CEO will start following in GM's path and dump loosing operations, or one's not capable of returning the needed ROI (Europe).

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    Re: Mark Fields to leave Ford

    Quote Originally Posted by AutoCrazy View Post
    Big shake-up. With Ford floundering this is no surprise.
    Yes, significant shake-up; interestingly one of the things they were being critical of Field's for, was the investment in "autonomous" yet the guy they just appoint CEO Jim Hackett was the current President of Ford's Smart Mobility enterprise, on the surface that "math" doesn't compute.

    I wonder how safe Mary feels; GM hasn't been doing much better, and they've actually been "surrendering" in several regions of the globe, I know Greenlight Capital has continued to push for change; GM keeps calling and re-sending me proxy forms to make sure I voted, I bet I've got 6 of each phone calls and physically mailing for this years vote, normally I get an e-mail or two.
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    Re: Mark Fields to leave Ford

    Quote Originally Posted by BlackGTP View Post
    I wonder if the new CEO will start following in GM's path and dump loosing operations, or one's not capable of returning the needed ROI (Europe).
    Too late!
    GM already snapped up the most eligible sucka for that bidness.
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