Ford Motor Co. is expected to announce on Monday the replacement of President and CEO Mark Fields with board member Jim Hackett. Fields, 56, has worked at the company for 28 years, and previously served as CEO of then Ford-owned Mazda, and president of The Americas. "Despite turning in credible profits, Fields was unable to turn Ford into a stock market darling, and that may well prove elusive going forward." Fields had the tough job of following CEO Alan Mulally, another auto industry outsider who was hired away from Boeing to lead Ford. Marcy Klevorn, Ford's chief technical officer, will replace Hackett as the head of Ford Smart Mobility LLC, Ford's future mobility unit.

Source: Fox News May 22, 2017 11:12 UTC