TPG Capital Hires Former Ford Motor CEO
Private-equity giant TPG Capital said Tuesday it hired Ford Motor Co.’s recently ousted chief executive as a senior adviser, adding an automobile industry veteran to its industrials practice as it seeks to expand supply chain-related investments.
TPG said that Mark Fields, who lost his job at Ford earlier this year, will start on Nov. 1 and advise the firm on innovation and technology that is disrupting manufacturing.
The investment firm said it wants to tap Mr. Fields’s expertise as it looks for opportunities to create value at industrial companies by harnessing new developments in e-commerce, outsourcing and big data.
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