Ford's Board Said to Question CEO on Strategy as Shares Lag
- Directors reportedly extend meeting to press for details
- Profits, sales decline as automaker shifts to autonomous age
Ford CEO Fields Says Nafta Is ‘Very Important’
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Ford Motor Co.’s board of directors is turning up the pressure on Chief Executive Officer Mark Fields to better explain the company’s fading fortunes and his plan to turn things around, according to a person familiar with the discussions.
The directors scheduled extra time in their meetings this week in advance of Thursday’s annual shareholders meeting so they could question Fields on his strategy as Ford’s stock continues to stall, said the person, who asked not to be identified revealing internal deliberations. The shares have fallen 35 percent since Fields became CEO July 1, 2014.