Thursday, May 1, 2014

Official: Ford President and CEO Mulally Retiring July 1, Mark Fields to Take Reins

Alan Mulally and Mark Fields

Ford has sent an official save-the-date, so to speak, for CEO Alan Mulally's final day at the company's helm: July 1. That's roughly six months sooner than expected, but apparently, Mulally and Executive Chairman Bill Ford think Ford's leadership team is ready to take over now, so they pulled the CEO's retirement forward. As we previously reported, COO Mark Fields will ascend to the top job when Mulally steps down. 



Mr. Mulally will leave behind a legacy of success at Ford, thanks to the turnaround he orchestrated over his nearly eight-year career there. The 68-year-old helped guide Ford through an aggressive and ultimately well-timed restructuring, and the company avoided the bailout woes its domestic competition suffered during the recession. His replacement, Mr. Fields, will have big shoes to fill, to say the least.



from Car and Driver Blog http://ift.tt/nSHy27

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