May 22 (UPI) -- The Ford Motor Co. fired CEO Mark Fields and replaced him with veteran executive Jim Hackett, the company announced Monday.
"We're moving from a position of strength to transform Ford for the future," Ford executive Chairman Bill Ford said. "Jim Hackett is the right CEO to lead Ford during this transformative period for the auto industry and the broader mobility space. He's a true visionary who brings a unique, human-centered leadership approach to our culture, products and services that will unlock the potential of our people and our business."