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If you blinked, you might have missed it: U.S. stocks are largely green again. The S&P 500 is up by 1.1% as of 2 p.m. ET, aiming for the eighth positive daily move in the last nine market days. The Nasdaq-100 index is jumping even higher with a 1.6% gain…
Doug Field, the Ford executive who helped shape the automaker’s electric vehicle (EV) and technology strategy over the past five years, is leaving the company, according to an announcement Wednesday that also outlined a broader leadership reorganization.
Field joined Ford in 2021 after a career in Silicon Valley that included leading Apple’s special projects team and serving as senior vice president of engineering at Tesla. He previously worked at Ford as a development engineer from 1987 to 1993.
At Ford, Field reported directly to CEO Jim Farley and was initially tasked with overseeing the company’s embedded software and hardware operations. That scope covered vehicle controls, enterprise connectivity, features, integration and validation, architecture and platform, driver assistance technology, and digital engineering tools.
In practice, Field’s responsibilities extended across the full technology stack used in Ford and Lincoln vehicles, including infotainment, navigation, driver-assist technology, connected services, and vehicle cybersecurity.
Ford’s reorganization announced Wednesday includes the creation of a “product creation and industrialization” team led by COO Kumar Galhotra. Field’s electric vehicle and design team will be folded into this new organization.
Field was also a prominent figure at Ford, including on the company’s earnings calls, and was part of the leadership involved in splitting Ford’s business into three units: the EV and digital services division, the internal combustion engine business, and the commercial vehicles unit.
The new structure is tied to several company targets, including an 8% adjusted profit margin for Ford+ commercial business by 2029.
The team will also oversee Ford’s plan to refresh 80% of its North American portfolio by volume and 70% of its global portfolio by 2029. The refresh is expected to include the Universal Electric Vehicle (UEV) platform, a mid-sized pickup, and the next-generation F-150 and F-Series Super Duty trucks.
The UEV platform was developed through Ford’s skunkworks program, now known as the Advanced Development Projects team. Alan Clarke, a former Tesla executive who has led that skunkworks program, is now vice president of Advanced Development Projects.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
