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).