Ford Ousts Mark Fields

Ford Indicated Higher in Premarket After Reports CEO Mark Fields Will Be Fired
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Ford (F) - Get Report shares were indicated higher in premarket trading Monday after under-fire CEO Mark Fields was replaced by the company as it seeks to put a multi-year period of poor financial performance and share price declines behind it.

The company chose James Hackett, currently chairman of the group's Smart Mobility business, as Fields' replacement. Hackett's role at Smart Mobility has seen him oversee the group's effort to bring electric and autonomous vehicles to main street.

READ MORE: Ford Indicated Higher in Premarket After Reports CEO Mark Fields Will Be Fired

This article was written by a staff member of TheStreet.