{"id":11705,"date":"2017-05-21T22:05:00","date_gmt":"2017-05-22T06:05:00","guid":{"rendered":"http:\/\/associatednews.info\/content\/ford-replacing-ceo-mark-fields-in-management-shakeup\/"},"modified":"2017-05-21T22:05:00","modified_gmt":"2017-05-22T06:05:00","slug":"ford-replacing-ceo-mark-fields-in-management-shakeup","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/ford-replacing-ceo-mark-fields-in-management-shakeup\/","title":{"rendered":"Ford Replacing CEO Mark Fields In Management Shakeup"},"content":{"rendered":"

By Jim Kane<\/a><\/span> <\/p>\n

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\n In Detroit, Ford Motor Co. Executive Chairman Bill Ford, left, greets President and Chief Executive Mark Fields at the North American International Auto show in January.<\/p>\n

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Carlos Osorio\/AP<\/p>\n

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Carlos Osorio\/AP<\/p>\n

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Ford Motor Company is replacing its President and Chief Executive Officer Mark Fields, according to multiple media reports.<\/p>\n

According to The Associated Press, “a person familiar with the situation says CEO Mark Fields is retiring at age 56 after 28 years at the company.”<\/p>\n

Ford’s stock price has fallen nearly 40 percent since Fields took the reins of the company three years ago. Just last week, Ford announced it would cut its white-collar workforce by 10 percent in North America and Asia, as the auto industry in general faced new challenges.<\/p>\n

As NPR’s Sonari Glinton has reported<\/a>, “In many ways, the other shoe is dropping all over the automotive world. Toyota says profits will fall two years in a row. That’s a first for the 21st century. Volkswagen is likely to have more layoffs. And Ford is slashing jobs despite the fact that it’s the leading seller of trucks and SUVs when trucks and SUVs are booming.”<\/p>\n