Ford replaces CEO Fields; Europe chief Farley gets global role

Hackett, left, most recently served as chairman of Ford Smart Mobility. Hackett and Executive Chairman Bill Ford appeared at a press conference Monday. (Mike Martinez)

May 22, 2017 05:00 AM

DETROIT -- Ford Motor Co. said CEO Mark Fields is retiring and will be replaced by James Hackett, head of the automaker’s Smart Mobility arm, as part of a broad management shakeup.

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