The Ford Motor Co. announced today that Mark Fields has been named new chief executive officer and president, replacing retiring CEO Alan Mulally.
Fields, 53, served as Ford’s COO since 2012. He currently works in global business operations, product development, manufacturing. purchasing, and marketing, sales and services. Fields was also credited with leading the transformation of Ford’s North American business. Ford has recorded record profits in each of the last four years.
Each year since 1964 the Automotive Executive of the Year “celebrates individuals who demonstrate great leadership and tireless dedication to the innovation and creative thinking needed to succeed in this industry.”
The award was given to the Hyundai CEO because he “reshaped the way Hyundai approaches the market with consumer focus, compelling design, and enduring value”, says Robert Djurovic, executive director of the Automotive Executive of the Year Award program.