Mark Fields (businessman)

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Mark Fields
Mark Fields 2014 001.jpg
Mark Fields, 2014
President and CEO of Ford Motor Company
Assumed office
2014
Preceded by Alan Mulally
Personal details
Born January 24, 1961 (1961-01-24) (age 56)
Brooklyn, New York, USA
Citizenship United States
Spouse(s) Jane Fields
Children 2
Residence Dearborn, Michigan, USA
Education Paramus High School (1979)
Rutgers University (B.A.)
Harvard University (M.B.A.)

Mark Fields (born January 24, 1961[1]) is an American businessman and has been the president and chief executive officer of Ford Motor Company since July 1, 2014. Prior to that, Fields served as the company's chief operating officer. Previously, as Ford's president of The Americas, Fields developed "The Way Forward" plan. He succeeded Alan Mulally as the company's president and CEO.

Early life, education, and family[edit]

Fields was born in Brooklyn, New York, to Gerald S. Fields, a purchasing manager, and Elinor Fields.[2] Fields is of Romanian Jewish and Russian Jewish descent,[3] and the Fields family's original name was Finkelman.[4] Fields grew up in Paramus, New Jersey, where he attended Paramus High School, graduating in 1979.[5] Fields holds a bachelor's degree in economics from Rutgers University and a master of business administration from Harvard Business School.[6] He worked for IBM prior to earning his MBA.[7] He is married to Jane Fields and has two children.[5]

Career in business[edit]

Fields was recruited by Ford in 1989 and moved up the ranks. He ran Ford's Argentina operations at the age of 36.[6] He then went to Japan to run marketing and sales for Mazda Motor Corporation (then owned by Ford) and was named president and CEO of Mazda Motor Corporation in 2000, at age 38. In 2002, Fields became chairman of the Premier Automotive Group, Ford's luxury unit, which at the time included Lincoln, Aston Martin, Jaguar, Land Rover and Volvo Cars. He then was named executive vice president, Ford of Europe and Premier Automotive Group, where he led all activities for Ford's premium vehicle business group and for Ford brand vehicles manufactured and sold in European countries. In 2005, he returned to the United States to head the Americas division of the company. In this role, he developed the "Way Forward" plan, which was designed to make Ford's North American operations leaner and more centrally driven in areas such as product development, purchasing and engineering.

In December 2012, Ford appointed Fields its chief operating officer.[8] He was named president and CEO of Ford effective July 1, 2014, succeeding Alan Mulally.[9][10]

References[edit]

  1. ^ "Biographical details of Ford's new CEO". The Washington Post. Retrieved 6 May 2014. 
  2. ^ Newman, Richard. "Mark Fields: From Paramus to the helm of Ford Motor Co.". Retrieved 22 May 2014. 
  3. ^ Carroll, Bill. "Historic Promotion". Retrieved 12 May 2014. 
  4. ^ "Ford's new CEO is Jewish". Retrieved 21 May 2014. 
  5. ^ a b Diduch, Amry. "Paramus native tapped as next head of Ford", The Record (Bergen County), November 2, 2012. Accessed December 7, 2012. "Mark Fields, a native of Paramus and a graduate of Rutgers University, now is in line to be the next chief executive officer of Ford Motor Co.... Fields got his first taste of leadership at Paramus High School. Fields, who graduated in 1979, was active in student government, serving as vice president his senior year, according to his high school yearbook."
  6. ^ a b Bennett, Jeff; Ramsey, Mike (April 22, 2014). "Ford Boss Reinvented Himself". The Wall Street Journal. p. B6. 
  7. ^ Webster, Sarah A. "Saving Ford His Job 1 - Way Forward: More Problems Than Expected Setbacks: Pickups And Other U.s. Sales Off Working To Be Profitable By 2009", Detroit Free Press, February 25, 2007. Accessed January 30, 2011. "That mix of Paramus High, Rutgers University, Zeta Psi and IBM worked like magic for the Fields boys."
  8. ^ Vlasic, Bill. "Ford Names an Operating Officer Who Is Seen as a Possible New Chief", The New York Times, November 1, 2012. Accessed December 7, 2012. "Ford Motor Company said on Thursday that its chief executive, Alan R. Mulally, would keep his position until 2014, but that Mark Fields, the head of its Americas division, would become chief operating officer and assume day-to-day responsibility for running the business."
  9. ^ Ramsey, Mike (April 22, 2014). "Ford Boss Mulally To Exit Early". The Wall Street Journal. p. A1. 
  10. ^ Ramsy, Mark; Pollock, Lauren (May 1, 2014). "Ford Names Mark Fields as CEO". The Wall Street Journal. Retrieved 1 May 2014. 

External links[edit]

Business positions
Preceded by
Alan Mulally
Chief Executive Officer of the Ford Motor Company
2014–present
Incumbent