Ford thinks they found the answer to their sales problem with new CEO
After less than 3 years, Ford has asked now former CEO, Mark Fields, to step down. The second largest American automaker has replaced Fields with Jim Hackett, the chairman of Ford's Smart Mobility division. The company ultimately came to the decision due to the plummeting stock price, dropping nearly 40 percent, as well as poor sales under Fields' leadership. The news broke late Sunday, announcing Hackett's rise in the company.