Ford Motor Co. has created the Alan Mulally Leadership in Engineering Scholarship program – a 1$- million program for engineering students in honor of its retired chief executive. The program will provide 10 one-time $10,000 scholarships annually for 10 years to sophomore or junior engineering students at universities globally and will be launched in spring 2015 and run for 10 years.
Ford Motor Co. and the Ford Fund will each shoulder half of the amount intended for the program. Mulally, who is an engineer by training, placed technology at the forefront of his push to reinvent the US carmaker.
Ford Executive Chairman Bill Ford said in a statement that Mulally’s engineering background as well as data-driven decision-making paved way for the “extraordinary leadership” he provided at the carmaker.
He said that the scholarship program is Ford’s way of honoring Mulally’s legacy. The Ford Fund, the carmaker’s philanthropic arm, will be in charge of managing the program.
Those who be granted with the scholarship will be connected with Ford’s corporate science, technology, engineering and math strategic initiative -- “building the next generation of leaders in these key disciplines.” Ford plans to collaborate directly with partner universities to identify potential grantees.