Mark Fields is a businessman in America and retired chief executive officer of Ford Motor Company. He worked as the company’s chief executive officer from July 1, 2014. He was succeeded by the Alan Mullaly as the CEO and president of the company. Mark developed The Way Forward plan while he was serving as the president of Ford’s in America. He got retired on May 22, 2017, by succeeding Jim Hackett as the president and CEO of Ford Motor Company. To know more about Mark Fields and his net worth in 2018, keep reading the following article.
Mark Fields was born on January 24, 1961, in New York City to his parents Gerald S. Fields who was a purchasing manager and Elinor Fields. The original name of Fields family was Finkelman.
He grew up in Paramus, New Jersey, where he completed his schooling from Paramus High School. He got graduated with a bachelor’s degree in economics from Rutgers University and holds a master of business administration from the Harvard Business School.
Mark got married to Jane Fields on August 31. 1979. They both were gifted with two children named Max and Zach.
Initially, Mark worked for the IBM prior to earning his MBA. In 1989, he got recruited by the Ford and moved higher ranks. At the age of 36, he ran the operations of Ford’s Argentina.
To run the marketing and sales for Mazda Motor Corporation, he went to Japan and then named as the President and CEO of Mazda Motor Corporation in 2000. Two years later, he became the Chairman of the Premier Automotive Group, which is Ford’s Luxury Unit.
Within a short period, he was named as the executive vice president to the Ford of Europe and Premier Automotive Group, where managed all the activities to the vehicle business group.
To make the North America operations leaner, he introduced the way forward plan which driven in areas like product development, engineering, and purchasing.
In December 2012, Ford appointed Field as its chief operating officer. On July 1, 2014, he was named as the President and CEO by succeeding Alan Mullaly.
Awards and Achievements
Mark achieved the top position in Ford’s company by working hard and creating new innovative ideas while developing the strategies. One of the most notable achievements of Fields was the development of One Ford Plan which is also known as The Way Forward.
Net Worth of Mark Fields
The estimated net worth of Mark Fields was more than $35 million when he worked for Ford Motor Company. He made all this fortune by accomplishing plenty of skeptic investments. In 2015, he executed all the 16 new vehicles which improved Ford’s profitability. By bringing new strategies into the industry, he became the President and CEO to the Ford’s Company.
In October 2017, Fields became a senior adviser at a private company named TPG Capital. Ford has announced Jim Hackett as the current CEO and President as the stock price fell more than 35 percent.