Home > Former Ford CEO Joins New Company

Business
Former Ford CEO Joins New Company

Description

Mark Fields, the former CEO of Ford who was ousted earlier this year after 28 years at the automaker, will join TPG Capital as a Senior Advisor, Business Insider has learned. TPG is a private-equity and alternative asset giant with over $73 billion in assets under management and was started as the Texas Pacific Group in 1992 by David Bonderman, James Coulter, and William S. Price III. TPG has grown substantially from its first offices in Northern California to locations worldwide. Over the decades, it has invested in numerous companies and participated in high-profile leveraged buyouts. Fields, 56, will focus on expanding the firm's industrials practice. Investments in this sector have included airlines and private-jet companies; going forward, TPG wants to invest in logistics, packaging, and mobility. TPG's first major investment was in bankrupt Continental Airlines in 1993, which according to firm resulted in a 1,000% return. "New technology is driving change and creating opportunities for growth and value creation throughout business operations. That gives us the opportunity to rethink traditional industrial applications, such as supply chains , like never before,"

Added on the 17/10/2017 17:00:56 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • 'Star Wars: The Force Awakens' Premiere Highlights And Interviews

    The most anticipated movie of the year (by far) 'Star Wars: The Force Awakens' has begun at the World Premiere in Los Angeles and on the red carpet there are highlights, Star Wars characters and interviews with Lupita Nyong'o, Daisy Ridley, Adam Driver, Gwendoline Christie, Oscar Isaac, Harrison Ford, John Boyega, Creator George Lucas, Director J.J. Abrams, Producer Kathleen Kennedy, The Walt Disney Company Chairman and CEO Bob Iger and Walt Disney Studios Chairman Alan Horn along with spectacular scenes from the movie. This movie is a must go, must see film.

    15/12/2015 - Celebrity WIre
  • Harrison Ford To Return As Indiana Jones

    Harrison Ford will be returning for the fifth installment of the Indiana Jones franchise. In a tweet, Disney said Friday the movie would be produced by its production arm Lucasfilm and released in July 2022. "Indy himself, Harrison Ford, will be back to continue his iconic character's journey." CNN reports that Disney told an investor presentation the movie was currently in "pre-production."

    11/12/2020 - Wochit
  • Harrison Ford Tells Leaders "The Climate Crisis Is Real"

    Harrison Ford blasted world leaders for failing to take action against climate change. The actor who played Han Solo and Indiana Jones told leaders; “The climate crisis is real". He went on to say "the weight of scientific evidence is overwhelming, ... but evidence can be ignored. It can be manipulated". Ford is the vice-chair of the nonprofit environmental group Conservation International. He has also lent his voice to “The Most Critical Action,” a video the group released on Thursday. Mainstream audiences know Ford best for his roles in movie blockbusters such as “Star Wars.”

    17/10/2020 - Wochit
  • It Was In The Bag: How SoulCycle CEO Melanie Whelan Got Herself Pushed Out Of A Job

    Spinning giant SoulCycle filed for an IPO the same year Melanie Whelan took the helm. But just four years later, she resigned. Or, to be exact, was pushed out. According to Business Insider, Whelan's 2019 corporate demise stemmed from her trying to expense on a company credit card two Christian Dior bags, totaling $5,100. One was a purse for herself, and the other was a backpack for one of her 'favorites,' Patrick Ryan-Southern, the head of international markets. Staffers say Whelan was repeatedly asked to produce receipts for the purchase, which she tried to pass off as one big gift for Ryan-Southern. Accused by SoulCycle staffers of running a toxic, 'mean girls' culture, Whelan now runs an investment firm.

    11/10/2020 - Wochit
  • Ford - Automated Valet Parking

    Ford Motor Company, Bedrock and Bosch are launching a demonstration project with connected Ford Escape test vehicles that can drive and park themselves inside Bedrock’s Assembly Garage in Detroit using Bosch smart infrastructure. This is the first U.S. infrastructure-based solution for automated valet parking where the vehicle will park itself inside a parking garage.The research will take place in the Corktown neighborhood, the site of Ford’s new mobility innovation district, anchored by Michigan Central Station. The district will draw mobility innovators and disruptors from around the world to develop, test, and launch new solutions to solve urban transportation challenges, improve mobility access for everyone and prepare for the increasingly connected and autonomous world ahead.

    04/09/2020 - Auto Moto EN
  • Mexican president confident of extradition of Ex-CEO state-own of oil company arrested in Spain

    Mexico City, Feb 13 (EFE) .- Mexican president Andrés Manuel López Obrador said Thursday that he is confident that a former chief executive officer of the state oil company Petroleos Mexicanos (Pemex) who was detained in Malaga, south of Spain, will be extradited to Mexico. The ex CEO, Emilio Lozoya, is wanted in his homeland on corruption charges.IMAGES HAND OUT BY THE MEXICAN GOVERNMENT.SOUNDBITES BY PRESIDENT ANDRES MANUEL LOPEZ OBRADOR.

    18/02/2020 - EFE Inglés

More videosBusiness

Watch video of The Post-Brexit Recovery Across European Markets Has Stalled With Major Share Indexes Mixed And Safe-haven Demand For Precious Metals Helping The Price Of Silver Surge To A Near-two Year High.  But,  As Sonia Legg Reports, Trading Volumes Were Light Becasue Of The July 4 Public Holiday In The United States. - European shares end post-Brexit rally - Label : Reuters EN -
Business

European shares end post-Brexit rally

04/07/2016 15:56:29

Watch video of BP Slumps To Its Worst Annual Loss In 2015, The British Oil And Gas Company Announces, And Says It Will Cut Thousands More Jobs In The Face Of A Deep Rout In Oil Prices. Hayley Platt Reports - Oil prices drag BP to worst annual loss - Label : Reuters EN -
Business

Oil prices drag BP to worst annual loss

02/02/2016 14:51:34