Trevor Collett | May 24, 2017

Ford's Mark Fields has been replaced by 62 year-old Jim Hackett as the carmaker's global CEO.

As part of a company shakeup, Fields has announced his retirement and Ford has declared Hackett's job is to "strengthen operations" and "transform for the future".

Bill Ford (pictured, above right) continues as Executive Chairman.

"I am so excited to work with Bill Ford and the entire team to create an even more dynamic and vibrant Ford that improves people’s lives around the world, and creates value for all of our stakeholders," Hackett said.

"I have developed a deep appreciation for Ford’s people, values and heritage during the past four years as part of the company and look forward to working together with everyone tied to Ford during this transformative period.”

Mr Ford said the company was moving from a position of strength to one of transformation, and that Hackett (pictured, above left) was the right person for the job.

Mark Fields
Mark Fields

Hackett has already chalked-up three years on the board with Ford, and has been overseeing the Ford Smart Mobility program since last year.

Ford said Hackett's job was as follows: "sharpen operational execution, modernise Ford’s present business and transform the company to meet tomorrow’s challenges".

Mr Hackett's previous experience includes the CEO position at Steelcase Inc, where Ford claims he lifted performance to see Steelcase become the world's Number One office furniture maker. He has also served as interim Athletic Director at University of Michigan.

Other changes in Ford's top offices sees Jim Farley appointed president, Global Markets, Joe Hinrichs appointed president, Global Operations, while Marcy Klevorn is appointed president, Mobility.

Mark Truby succeeds Ray Day (also retiring) as vice president, Communications, and is also elected a company officer. Paul Ballew is appointed Chief Data and Analytics Officer.

Mark Fields, aged 56, has been with Ford for 28 years.

MORE: Ford To Cut Global Workforce By 10 Percent Following Share Price Slump
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