Ford Taps Jim Hackett as CEO to Replace Mark Fields

The transcript discusses the unexpected leadership change at Ford, with Mark Fields being replaced by Jim Hackett. It highlights the pressure on Ford due to declining stock prices during Fields' tenure and the challenges he faced, including communication issues and strategic misalignments with market demands. The discussion also covers the expectations for Hackett to restore investor confidence and lead Ford into a successful future, emphasizing his transformational leadership qualities.

What was the main reason for the leadership change at Ford?

• Bill Ford wanted a new direction for the company.

• Jim Hackett was more experienced.

• The stock performance was poor during Mark Fields' tenure.

• Mark Fields retired voluntarily.

How much did Ford's stock drop during Mark Fields' tenure?

• 20%

• 30%

• 37%

• 40%

What strategy was Mark Fields primarily executing as CEO?

• A strategy focused on luxury vehicles.

• A strategy focused on international expansion.

• Alan Mulally's strategy focused on fuel-efficient cars.

• His own strategy focused on electric vehicles.

What is one of the key challenges Jim Hackett faces as the new CEO?

• Reducing the company's workforce.

• Winning back the confidence of investors and employees.

• Expanding Ford's market in Europe.

• Developing a new line of luxury cars.

What potential does Ford have according to Bill Ford?

• To dominate the European car market.

• To surpass Tesla in market value.

• To be the defining brand of mobility in the future.

• To become a leading brand in electric vehicles.