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Ford's CEO Mark Fields Is Being Replaced

The company’s stock value has declined more than 30 percent since he took over in July 2014.
Source: Rebecca Cook / Reuters

Updated at 9:41 a.m. ET

Ford Motor Company announced Monday it was replacing Mark Fields, its CEO, with Jim Hackett, the head of its autonomous-driving unit.

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

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