The Reported Firing of Ford CEO Mark Fields is 'Like a Coup' - Business Insider -BoardProspects

The Reported Firing of Ford CEO Mark Fields is 'Like a Coup'

Business Insider May 22 2017 BoardNews

With Ford Motor Co. expected to announce the departure of CEO Mark Fields, some industry experts are calling it a takeover from within.

Fields' reported replacement, James Hackett, is the chairman of the Ford unit that works on autonomous vehicles. Ford's board of directors and Chairman Bill Ford Jr. have been unhappy with the company's performance, and sought more reassurance that investments in self-driving cars, electric vehicles and ride services would pay off...
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Quotes
1. This is like a coup we think, a coup from an outsider, a turnaround specialist and the head of AVs.
2. The board seems to have lost patience with the lackluster share price.
Topics Mentioned
- activist investor
- Tesla
- Ford
- General Motors
- General Motors Co.
- CEO
- GM
Authors
- Joe Ciolli (Jciolli@Businessinsider.Com)
- Joe Ciolli