FORD NAMES

Turnaround specialist to help revive carmaker’s flagging fortunes

DETROIT

Fields came under pressure from Ford’s board this month ahead of an annual shareholder meeting where investors excoriated management for a poorly performing stock price.

Ford shares fell 37 per cent during Fields’s almost three-year tenure, dropping the company’s market capitalisation behind Tesla Inc’s.

“It’s surprising how quickly Fields is being replaced,” said Stefan Bratzel, director of the Centre of Automotive Management at the University of Applied Sciences in Bergisch Gladbach,