HACK­ETT AS CEO

New Straits Times - - Business | World -

Ger­many. “Ford isn’t ex­actly in cri­sis, but this de­vel­op­ment shows that share­holder value is more in fo­cus”, even as car­mak­ers face pres­sure to in­vest in tech­nol­ogy where the pay­off is un­cer­tain.

Hack­ett joined Ford’s board of di­rec­tors in 2013 and was ap­pointed chair­man of Ford Smart Mo­bil­ity in March last year. The unit was formed to ac­cel­er­ate Ford’s foray into emerg­ing mo­bil­ity ser­vices.

Fields joined Ford in July 1989 and helped steer its busi­nesses through sev­eral tough sit­u­a­tions be­fore he was named to the top job in July 2014.

In 2000, Fields be­came CEO of Mazda Mo­tor Corp, in which Ford had a con­trol­ling stake at the time. He led a turn­around at Mazda with sev­eral Ford ex­ec­u­tives with whom he later worked to re­vive the US car­maker’s North Amer­i­can busi­ness.

Af­ter be­ing pro­moted to chief op­er­at­ing of­fi­cer in De­cem­ber 2012, Fields took over as CEO from Alan Mu­lally, the former Boe­ing Co ex­ec­u­tive who led Ford through the global eco­nomic cri­sis and avoided the bailouts and bank­rupt­cies that be­fell GM and Chrysler. Bloomberg

BLOOMBERG PIC

Bar­clays Plc is seek­ing to bol­ster staff in its pri­vate bank­ing hubs of Lon­don, Dublin, Geneva, Monaco, In­dia, Dubai, Jer­sey, Guernsey and the Isle of Man, says a source.

Mark Fields

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