Ford is planning to keep Alan Mullaly as CEO

Article by Anita Panait, on October 7, 2013

Ford Motor Co. Executive Chairman Bill Ford has reiterated the carmaker’s plan to keep Alan Mullaly as its chief executive. Ford said in an interview today with Bloomberg Television that the plan is that Mullaly is “going to stick around," adding that they “feel really good” about where they are in terms of succession.

Ford is dismissing speculations that Mulally is leaving Ford, AllThingsD and Reuters named him as a possible candidate for the next CEO of Microsoft Corp. People privy with the matter told Bloomberg that Microsoft's board has been looking at several candidates, including Mulally.

The company’s search for its next leader is currently in the initial phase, and the board is still far from making a decision, the sources added. Microsoft’s board has retained Heidrick & Struggles to search for internal and external candidates following a statement by CEO Steve Ballmer in August that he is planning to retire within a year.

Mulally and chief operating officer Mark Fields recently reiterated a plan announced in November 2012 for the CEO to remain through at least 2014. Fields is considered as the leading candidate to be Ford’s CEO.

Mullay has been instrumental in enabling Ford to avoid a financial collapse in 2009, when predecessors of General Motors Co. and Chrysler Group LLC succumbed to bankruptcy and had be bailed out by the federal government.

Ford managed to earn $35.2 billion from 2009 through 2012 after posting losses of $30.1 billion in the previous three years.  Bill Ford told Bloomberg TV that “every corporation in the world should want Alan." Bill Ford recruited Mulally from Boeing, yielding the CEO post he had held from late 2001.

Topics: ford, alan mulally, ceo

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