Alan Mulally has no regrets in the 8 years spent as CEO of Ford

Article by Christian A., on May 12, 2014

Alan Mulally is very proud of his eight-year performance and has no regrets as chief executive of Ford Motor Co., he said during his final annual meeting at the carmaker. He also gave a vote of confidence to his successor, Marks Field, saying that the leadership team, the management system and the strategy is solid.

Fields, Ford’s chief operating officer, will succeed Mulally as CEO effective July 1, 2014. Mulally has disclosed that he is retiring on the said date, which comes six months earlier than planned.

Mulally came on Ford board in 2006 and was responsible for turning around the beleaguered carmaker by globalizing new models, trimming costs, improving technology and revamping its offerings with fuel-efficient vehicles.

During the annual meeting, Mulally received repeated praises from shareholders, with Arthur Knechtel of Chadds Ford, Pennsylvania, leading a standing ovation. Knechtel also asked Executive Chairman Bill Ford to keep Mulally on in some capacity at the carmaker. William MacNamara, a shareholder from Westport, Connecticut, told the CEO that he have “instilled the American spirit back” into the carmaker.

Mulally remarked that the most important priority for now is to complete the transition. Under his wing, Ford was able to turn three years of losses at $30.1 billion into five years of earnings at $42.3 billion.

The carmaker saw its sales in the United States surge 11 percent in 2013, thanks to high demand for Ford Escape SUVs, F-Series pickups and Fusion sedans. Fitch Ratings upgraded Ford’s outlook to positive from stable on April 22. [source: Bloomberg]

Topics: ford, ceo, alan mulally

If you liked the article, share on:

Comments

Recommended

Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
It seems that AM-RB 001 hypercar is not the only vehicle project that Aston Martin and Red Bull Racing has gone into. This time, don’t expect something as outlandish as...
by - February 24, 2017
The year 2018 marks the golden anniversary of Subaru of America. Of course, the company will celebrate 50 years of being at the helm of the brand’s crusade in North...
by - February 24, 2017
During car crashes and accidents, there are times that its occupants can’t get out easily. There are times when the only way to get out of that situation is to...
by - February 23, 2017
Could this be a special version of Ferrari’s much acclaimed LaFerrari? No matter how we look at it, the patent images for this sports car from Ferrari indicate its striking...
by - February 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries