The selection process of the successor of Alan Mulally as the CEO of Ford Motor Co. is highly contested with the likely replacements including two current and two former executives, according to a report from The Wall Street Journal. Mulally, now 66 years old, is expected to leave Ford within two years. In September 2006, he made the move from Boeing Co. to join Ford as its president and CEO.
Citing insiders, the Journal said that the internal candidates include Mark Fields, the executive in charge of Ford's Americas unit, and Joe Hinrichs, the chief of operations in Asia.
Ford is also considering two former executives. There’s John Krafcik, the CEO of Hyundai Motor Co.'s North American operations. And then there’s Phil Martens, CEO of Novelis Inc., a maker of aluminum products. A report from Automotive News indicated that other candidates include Ford CFO Lewis Booth (who is 63) and 49-year-old Jim Farley, the group vice president of global marketing, sales and service.
However, a Ford spokeswoman denied that there is such a search going on. A statement was sent to the Journal from Ford Chairman Bill Ford Jr., who has previously said that the company wants someone from inside to fill the post. He added that there’s a “strong list” of internal candidates but that while this is the preferred option, Ford is looking outside of the company “as a regular course of action." [source: Autonews]