Ford’s Stock Slump Under Hackett Exceeds Predecessor’s Rout

Jim Hackett
Photographer: Mark Kauzlarich/Bloomberg

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By Keith Naughton

March 5, 2020 at 9:16 PM UTC

Updated on

March 6, 2020 at 2:49 PM UTC

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Ford Motor Co. stock has now fallen further under Chief Executive Officer Jim Hackett than it did during the leadership of his predecessor, who was ousted by the company’s board.

The automaker’s shares have declined 40% since Hackett became CEO in May 2017, replacing Mark Fields, who was pushed out by Ford directors unhappy with the direction of the company. During the 35-month tenure of Fields as CEO, Ford’s stock fell 37%.