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

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Volkswagen Group’s dieselgate saga continues, but it appears the German company would be able to get out of trouble, but it would not be unscathed. This development comes as Volkswagen...
by - January 22, 2017
When a car has been in the market for nearly six years, it loses some of its luster and its customers tend to go for the all-new model with a...
by - January 22, 2017
Remember Zenos Cars, a British carmaker that specializes in designing and building lightweight and high-performance sports cars? If you are wondering how the company is faring with their E10 lightweight...
by - January 21, 2017
Mercedes-Benz has revealed that in 2017, its series 124 coupé will be celebrating its 30th anniversary. While this itself is a significant event, it will also mean that this model...
by - January 21, 2017
BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 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