Ford Replaces CEO With Head of 'Smart Mobility' Unit


Ford Motor Co. has fired CEO Mark Fields and will replace him with James Hackett, head of the automaker’s Smart Mobility arm, as part of a broad management shakeup.

The news was reported earlier by Forbes, the Associated Press and The New York Times and confirmed by a company statement. The automaker called a press conference for 9:45 a.m. eastern time.

Forbes also reported that Ray Day, Ford’s head of communications, was also fired and would be replaced by Mark Truby, who currently heads Ford’s Asia Pacific communications. James Farley, president of Ford’s Europe, Middle East and Africa business, and Joseph Hinrichs, head of Ford North America, will take on larger roles, Forbes reported. Farley previously served as executive VP of global marketing, sales and service.

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