Official: Ford CEO Alan Mulally will retire on July 1, will be replaced by Mark Fields

Article by Christian Andrei, on May 2, 2014

If last week was just a rumor, today it became official: Ford CEO Alan Mulally will retire on July 1 and Mark Fields will be named Ford president and chief executive officer. As you may know already, Alan Mulally, 68, has been at Ford for almost eight years and he was the man who managed to transform and position the company as one of the world’s leading global automakers.

Mulally’s One Ford plan achieved a profitable growth, with 19 consecutive quarters of profitability. Moreover, during Mulally’s eight years at Ford, the American carmaker developed its strongest product lineup in its history. According to the official press release, the transition is July is six months earlier than anticipated as Mulally recommended to accelerate the timetable based on the readiness of Ford’s leadership team.

Mark Fields, 53, was named Ford’s chief operating officer (COO) in December 2012 and since then, he has been leading Ford’s global business operations and most skill teams such as product development, manufacturing, purchasing, as well as marketing, sales and service.

Furthermore, Field’s role as COO also included leading the company’s weekly Business Plan Review meeting, established by Mulally in order to track the progress of the One Ford plan and monitor the global business and competitive environment.

“From the first day we discussed Ford’s transformation eight years ago, Alan and I agreed that developing the next generation of leaders and ensuring an orderly CEO succession were among our highest priorities,” Executive Chairman Bill Ford said. “Mark has transformed several of our operations around the world into much stronger businesses during his 25 years at Ford. Now, Mark is ready to lead our company into the future as CEO.”

Mulally also wanted to thank the Ford team for their contributions and accomplishments: “It has been an honor to serve and contribute to creating a viable, profitably growing company for the good of everyone associated with the Ford Motor Company,” Mulally said.

“By working together with all of our stakeholders around the world, we now are accelerating Henry Ford’s original vision to open the highways to all mankind.” “Ford’s future is so bright, and Mark – supported by an experienced and dedicated senior leadership team – is absolutely the right leader to continue to deliver on our compelling vision,” Mulally added. [source: Ford]

Topics: ford, ceo, alan mulally

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Hyundai is making the green vehicle race more competitive by offering three powertrain types -- pure electric (EV), hybrid (EV plus combustion engine) and plug-in hybrid (PHEV) – in one...
by - December 9, 2016
Although specs for the new Renault Megane had already surfaced several weeks ago, we didn’t know that the company has cooked up something new. Aside from the 200hp gasoline, Renault‘s...
by - December 9, 2016
For the first time in fifty-eight years, Infiniti registers its first US-Spec Q60 Coupe in Cuba. American products have not been allowed entry into Cuba for six decades. But it...
by - December 9, 2016
Chevrolet has already given out the pricing for some of its 2018 Equinox models. Not only will the new Equinox be available in both the US and Canada, it is...
by - December 9, 2016
Nearly all details have been set with regards to the upcoming market introduction of the new Jaguar I-Pace. Its production version was recently previewed at the 2016 Los Angeles Auto...
by - December 8, 2016
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