AAPL
F
TSLA
Another chair gets pulled up to the Ford table
Ford is doing one of those corporate reorganizations that sounds tidy on a slide deck and mildly chaotic in real life. Doug Field — the company’s top EV, digital and design officer — is stepping down, and Ford says his job will be split up under COO Kumar Galhotra.
Why this matters
Field wasn’t just any exec. He came with serious EV cred from Apple and Tesla, which is why his arrival was billed as a “watershed moment.” Now he’s out as Ford merges its EV and manufacturing operations, which suggests the company wants fewer silos and maybe a little less internal hand-wringing about how to make EVs profitable.
The investor angle
For you, this is a reminder that Ford’s EV turnaround is still very much under construction. Leadership shakeups can be a sign of course correction, but they can also be a sign that the company is still figuring out who owns what while the market keeps asking a very simple question: where’s the payoff?
- Doug Field is leaving after helping steer Ford’s EV strategy.
- Ford is merging EV and manufacturing operations in the same reorganization.
- COO Kumar Galhotra will absorb Field’s responsibilities.
Big picture: Ford isn’t just changing org charts; it’s trying to make its EV machine run more like an actual machine and less like a group project that keeps getting rescheduled.