Alan Mulally has no regrets in the 8 years spent as CEO of Ford

Article by Christian A., on May 12, 2014

Alan Mulally is very proud of his eight-year performance and has no regrets as chief executive of Ford Motor Co., he said during his final annual meeting at the carmaker. He also gave a vote of confidence to his successor, Marks Field, saying that the leadership team, the management system and the strategy is solid.

Fields, Ford’s chief operating officer, will succeed Mulally as CEO effective July 1, 2014. Mulally has disclosed that he is retiring on the said date, which comes six months earlier than planned.

Mulally came on Ford board in 2006 and was responsible for turning around the beleaguered carmaker by globalizing new models, trimming costs, improving technology and revamping its offerings with fuel-efficient vehicles.

During the annual meeting, Mulally received repeated praises from shareholders, with Arthur Knechtel of Chadds Ford, Pennsylvania, leading a standing ovation. Knechtel also asked Executive Chairman Bill Ford to keep Mulally on in some capacity at the carmaker. William MacNamara, a shareholder from Westport, Connecticut, told the CEO that he have “instilled the American spirit back” into the carmaker.

Mulally remarked that the most important priority for now is to complete the transition. Under his wing, Ford was able to turn three years of losses at $30.1 billion into five years of earnings at $42.3 billion.

The carmaker saw its sales in the United States surge 11 percent in 2013, thanks to high demand for Ford Escape SUVs, F-Series pickups and Fusion sedans. Fitch Ratings upgraded Ford’s outlook to positive from stable on April 22. [source: Bloomberg]

Topics: ford, ceo, alan mulally

If you liked the article, share on:

Comments

Recommended

A lot of us know Singer Vehicle Design and their signature work of reimagining Porsche 911s, and making them look like hot rods from the 70s. They are not alone...
by - August 20, 2017
August 17, 2017 is a sad day for the Dodge Viper, its fans, enthusiasts and its admirers. It is the day when the last Dodge Viper rolled off the assembly...
by - August 20, 2017
A few months ago, Mercedes-Benz promised that they will be treating everyone to a “big surprise” during the Monterey Car Week. And true enough, many of us were stunned as...
by - August 19, 2017
McLaren has already shown some interest in electrifying their models. And initially, we thought that they will just use hybrid systems to use across their current lineup. Nevertheless, we have...
by - August 19, 2017
Fifty years after its glorious victory at the 24 Hours of Le Mans, Ford launches the 2018 Ford GT ’67 Heritage Edition at the 2017 Monterey Car Week. The red...
by - August 18, 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