According to Bloomberg, Ford is preparing to announce Mark Fields as its new Chief Operating Officer, putting him second in command to CEO Alan Mulally. Fields, 51, currently serves as Ford's President of the Americas, and this promotion would clearly put him in line to eventually take over as Chief Executive Officer of Ford once Mulally retires.

Candidates to replace Fields in his role as President of the Americas include Jim Farley, Ford's Global Marketing Chief, and Joe Hinrichs, the automaker's chief of Asian operations. Both Farley and Hinrichs are reportedly also candidates to replace Mulally as CEO.

Before now, Mulally has never had a COO. Bloomberg reports that Fields has long been the front-runner in the CEO race, and that according to a source within Ford, Hinrichs – who is six years younger than Fields – may have an opportunity to be the company's president further down the line.

The official announcement is expected to come as part of Ford's monthly board meetings, scheduled to kick off Wednesday. When reached for comment, a Ford spokesperson told Bloomberg that "we do not comment on speculation about personnel actions" and that "we have succession plans in place for each of our key leadership positions."

Bloomberg had a chance to speak with Fields after Ford announced the addition of 1,200 jobs to its Flat Rock, Michigan facility, so click below to watch that video.


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    • 1 Second Ago
  • 12 Comments
      Spartan
      • 2 Years Ago
      I don't care for Mark Fields and I'd rather you clone Mulally, but he can be CEO as long as Mulally is President of the Board. -Sincerely, Ford Stockholder
      Brodz
      • 2 Years Ago
      What's with the Steve Carrel (Mark Fields)stand in? Also that reporter is a joke, and that report was a joke, it was basically a Ford advert. Ford should have just run a TV spot instead of this gawk.
      Big Rocket
      • 2 Years Ago
      This is the same Mark Fields who resorted to foul language in the company boardroom, and very nearly resorted to physical violence. With this kind of immaturity, ego, and lack of control in full display, why would any company want this guy to be in charge? Autoblog: "This led to heated argument, that ended up with Fields making a move toward Leclair while spouting some choice four-letter words. The altercation was broken up by none other than Bill Ford Jr." http://www.autoblog.com/2012/03/02/book-ford-secretly-partnered-with-toyota-honda-during-economic/
      A. Harlan
      • 2 Years Ago
      now if only this truck company could come up with a new BNDO..Brave New Design Officer and be able to end its fear and inability to replace a 48 year old retro product with an exciting, fresh, new and creative automobile.
      Jorge
      • 2 Years Ago
      Still a long way to go Mr Fields. Very disappointed with a lot of things..... with the way the workers look..... No dress code? hoooo......... I know, it's not important.......and those premises, are they 30 or 50 years old. At least they could be cleaned.... look at BMW and even Hyundai/KIA. What a shame....still along way to go.....
      • 2 Years Ago
      [blocked]
      Jorge
      • 2 Years Ago
      still a long way to go Mr Fields. very disappointed with the way the workers look..... No dress code? hoooo.. I know not important.......and those plants, are they from 30 or 50 years ago. At least could be cleaned.... look at BMW and even Hyundai/Kia. Shame on you...
      Jorge
      • 2 Years Ago
      still a long way to go Mr Fields. very disappointed with the way the workers look..... No dress code? hoooo.. I know not important.......and those plants, are they from 30 or 50 years ago. At least could be cleaned.... look at BMW and even Hyundai/KIA. Shame on you...
      Wills
      • 2 Years Ago
      Lets not forget Mark Fields wasresponsible for the successful turn around of Mazda in the early 2000's. He's also been Alan Mulally's right hand man since he became CEO in 2006.
        JayLagan
        • 1 Year Ago
        @Wills
        No he wasn't. It was a chap called Henry Wallace who turned Mazda around. Mark Fields came AFTERWARDS. But don't forget, Mark Fields was in charge of Ford of America whilst they went into a tailspin before Alan Mulally turned up.
      Saabsdivided
      • 2 Years Ago
      Its crystal clear where Ford stock is going, expect put options to rally.