Ford Ousted Its CEO And Is Doubling Down On Self-Driving Cars

An anonymous reader shares a report: At a press conference today, Ford announced that it had replaced CEO Mark Fields with Jim Hackett, director of the company's autonomous-car research. Previously the CEO of furniture company Steelcase (and a former athletic director at the University of Michigan), Hackett took a seat on Ford's board in 2013. He has been running the company's Smart Mobility subsidiary since March 2016. Smart Mobility is tasked with securing Ford's long-term future. The division houses Ford's self-driving car program, which plans to start ferrying employees around its Dearborn, Michigan campus in 2018. Outgoing CEO Mark Fields previously said that Ford would sell autonomous vehicles to consumers by 2025. [...] Hackett is expected to continue the push into self-driving cars. "We have to re-energize our business, we need to modernize our business," executive chairman Bill Ford said about the company's initiatives into new technologies at the conference.