Executive suite change-up is part of OEM’s effort to “transform” automaker for the future.
Ford Motor Co. is tapping Jim Hackett as its new president and CEO to replace Mark Fields, who is retiring. The move comes as the automaker struggled to adopt a new strategic vision regarding mobility and technology in the face of declining stock value.
The OEM has lost nearly 40% of its stock value over the last three years, according to analysts.