Photo“Extraordinary times require transformational leadership, and that’s what Jim has been his entire career,” said Mr. Ford, whose great-grandfather was Henry Ford, the company’s founder. Mr. Hackett said the board had given him a free hand to transform the nation’s No. As recently as last week, Mr. Fields had been trying to strengthen Ford’s bottom line by cutting 1,400 salaried jobs. Mr. Fields was also at the forefront of an abortive plan to build a $1.6 billion assembly plant in Mexico for small cars. Mr. Ford acknowledged that there had been some clashes between Mr. Fields and other executives about strategy and how the company might do things differently.

Source: New York Times May 22, 2017 12:31 UTC