Axar.az
UP

Ford Motor is replacing Mark Fields as C.E.O.

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

In a shake-up reflecting the pressures on the American auto industry, Ford Motor is replacing its chief executive, Mark Fields, according to officials briefed on the move.

Axar.az reports citing New York Times.

Jim Hackett, who oversees the Ford subsidiary that works on autonomous vehicles, will take the reins from Mr. Fields. Ford plans to make an announcement on Monday morning, the officials said.

During Mr. Fields’s three-year tenure — a period when Ford’s shares dropped 40 percent — he came under fire from investors and Ford’s board for failing to expand the company’s core auto business and for lagging in developing the high-tech cars of the future.

The change came less than two weeks after Mr. Fields was sharply criticized during the company’s annual shareholders meeting for Ford’s deteriorating financial results.

Date
2017.05.22 / 13:48
Author
Axar.az
Comments
See also

Latest oil prices

Oil prices fall

Azerbaijan currency rates

Oil prices rapidly increase

Azerbaijan currency rates

Latest oil prices

Azerbaijan currency rates

Oil is rising rapidly - Updated

Azerbaijan currency rates

Azerbaijan currency rates

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla