John Williams was recently presented with an honorary doctorate in music from Harvard University, and since they couldnt sneak an entire orchestra onto the stage. Ford CEO Mark Fields Fired In Management Shakeup. Tonight, reports indicate that situation may have cost Ford CEO Mark Fields his job at the automaker. Hed just announced that Ford would. Watch Isabelle Online Hitfix. We reached out to Ford for comment but have not heard back yet this report is yet unconfirmed, but Forbes said the announcement is expected to come Monday morning. From the story The shakeup is a result of Executive Chairman Bill Ford and the rest of the board losing confidence in Fields leadership, according to people familiar with the boards thinking. Dead Time Stories Ghost Knight Full Episode' title='Dead Time Stories Ghost Knight Full Episode' />Fields replaced Alan Mulally in mid 2. Without Alan, its back to the inmates running the asylum, said one insider. Directors were increasingly alarmed by the deterioration in Fords business, despite hefty profits from its flagship F series pickup truck line, said people familiar with the boards thinking. The Wall Street Journal also reported significant changes to the auto makers senior leadership team, but the story does not note the firing of Fields. Downton Abbey Season 3 Episode 6 Streaming Free'>Downton Abbey Season 3 Episode 6 Streaming Free. Forbes says that James P. Hackett, the head of Fords Smart Mobility LLC subsidiary, will take Fields place. Under Fields, Ford underwent a shift toward becoming a mobility company focused on apps, ride sharing and autonomous vehicles, to say nothing of big headline making products like the new Ford GT. At the same time, that mobility strategy has often felt haphazard and ineffective its safe to say Ford. Pass hasnt exactly transformed the way we get around. Ford didnt have anything as ambitious as the new GT at last weeks Detroit Auto Show those only. As Forbes and the Journal note, Fords stock price plummeted nearly 4. Fields tenure. If this report is true, it is not hard to see why the board had simply had enough. More on this as we get it tomorrow, but if it is true, it is probably the starkest example yet of how traditional automakers are facing existential challenges in this new era of mobility and technological disruption. UPDATE Ford confirmed the news in a press release Ford Motor Company today named Jim Hackett as its new president and CEO and announced key global leadership changes designed to further strengthen its core automotive business and accelerate a strategic shift to capitalize on emerging opportunities. Hackett, 6. 2, has a long track record of innovation and business success as CEO of Steelcase, Interim Athletic Director at the University of Michigan and executive chairman of Ford Smart Mobility LLC since March 2. Reporting to Executive Chairman Bill Ford, Hackett will lead Fords worldwide operations and 2. He succeeds Mark Fields, 5. Ford after a successful 2.