Ford's CEO Mark Shields Is Reportedly Being Replaced

Ford Motor Company is expected Monday to replace Mark Shields, its CEO, with Jim Hackett, the head of its autonomous-driving unit, several news organizations are reporting.

Ford’s stock has declined more than 30 percent since Fields became CEO in July 2014. Last week the company announced it was cutting 1,400 jobs, about 10 percent of its salaried workforce, mostly through buyouts. The move was an attempt to assuage shareholders angry about the direction of the company, which has been...

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