Alan Mulally is eyeing Ford board post after retirement as CEO

Article by Christian A., on April 23, 2014

Alan Mulally is set to retire from his current post as chief executive of Ford Motor Co by the end of the year, but that does not mean he is set to exit from the carmaker as well. People privy with Mulally’s plans told Bloomberg News that Ford’s top honcho is almost nailing down on a new post at the carmaker, possibly as a board director or chairman.

The near-decision on Mulally’s part is prompting Ford to announce possibly on May 1 his retirement as well as the appointment of current chief operating officer Mark Fields as new CEO, the sources said. People privy with Ford said Mullaly will turn over control to Fields before the end of 2014.

The sources added that Mulally plans to remain a player in the corporate world, providing voice to the role of manufacturing and innovation in America. With 45 years of top-notch experience at Boeing Co. and Ford, Mulally has become an expert on management and doing business in Asia, and has even advised United States President Barack Obama on international trade.

Jim Press, who held executive positions at Chrysler LLC and Toyota Motor Corp., told Bloomberg that Mulally is in a great position to “go anywhere he wants.” Press remarked that Mulally become a CEO of another company.

He added that Ford’s current CEO could also could also do well a private equity firm in terms of restructuring. Mulally was credited for reviving Boeing’s commercial-plane business after airlines canceled orders in the wake of the 9/11 attacks.

At Ford, Mulally instituted a new system in which it develops vehicles for global markets, rather than for individual regions. That system enabled Ford to reduce cost as well as revamp its product lineup with stylish and fuel-efficient models. [source: automotive news - sub. required]

Topics: ford, ceo, alan mulally

If you liked the article, share on:

Comments

Recommended

New and improved 2018 Subaru Legacy comes packed with a number of upgraded features from the get go - from the exterior to the interior. And the company has finally...
by - June 23, 2017
In an interview involving Lamborghini CEO Stefano Domenicali and Automotive News, the topic about the Urus was thoroughly discussed. This super SUV is scheduled to make its debut later this...
by - June 23, 2017
Porsche definitely adores variety. You’ll see what we mean if you browse through the official company's website that shows a plethora of various 911 models. And now, the German marque...
by - June 23, 2017
2018 Ford Expedition is on its way to the market, and will be arriving at dealerships this fall. The all-new SUV will come with a new design, new EcoBoost engine,...
by - June 23, 2017
The 2018 Porsche 911 GT2 RS that made its debut not so long ago at the E3 video game expo in Los Angeles has already been sold out according to...
by - June 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