Ford CEO Alan Mulally may be about to announce his long-rumored retirement from the Blue Oval, according to a pair of insiders who spoke to Bloomberg. An official statement on the succession could arrive as soon as May 1. Chief Operating Officer Mark Fields is rumored to step up as the new CEO. The company is said to be readying the announcement soon to ensure an orderly transition of power, according to the insiders.

Mulally's retirement from Ford has been a hot topic for a while. He was seriously rumored last year to be leaving the automaker to take over as the CEO of Microsoft. The board even said at one point that it was okay with them if he stepped down early. However, the CEO maintained he would stay with the business through at least the end of 2014. Fields has been rumored as a frontrunner to take over the top spot at the company since he was promoted to COO.

For the moment, Ford isn't officially confirming any of these plans. "We don't comment on speculation. We do have succession plans in place for our key leadership. We take succession planning very seriously," said Susan Krusel, Ford Global News Manager, to Autoblog.

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    • 1 Second Ago
      • 8 Months Ago
      I have no exposure to AM at Ford, but had more than I wanted to, with 14 years at The Boeing Company. I cheered when he left to go to Ford, and vowed I would not be buying a Ford product while he was at the helm.
      • 8 Months Ago
      Fantastic(!) So a consistently rubbish career manager has ascended to top job at Ford. This guy claims credit for turning Mazda around, even though, the plans were laid out by a chap called Henry Wallace; he just followed them through. Then Mark Fields ran the Premier Automotive Group and it still didn't turn a profit. Then he was dispatched to run the North American operations. That was such a roaring success that the BOD to drafted in Alan Mulally in to save the company. It has also been well documented that he is aggressive and recalcitrant. THIS is the new CEO?
      That Guy
      • 8 Months Ago
      Good for Ford, this is certainly welcome and positive news. The sooner the better.
        • 8 Months Ago
        @That Guy
        Wow, hands down the most ignorant statement in a long time on here. The only people that should be glad AM is retiring are fanbois of other makes. He turned Ford into a company that is hands down the best American auto company.
          • 8 Months Ago
 mad bro?
      • 8 Months Ago
      This will be the real litmus test if the culture truly changed.
      • 8 Months Ago
      Ford needs to hire Balmer for CEO.
        • 8 Months Ago
        All right, so many people cannot tell that I was making a joke based on all the Microsoft news a few months ago about potentially hiring Mulally as CEO.
      • 8 Months Ago
      Good. Now maybe one Ford will go away and we can have Mustangs looking like Mustangs again and every single Ford made will not have the same stupid grill everywhere.
        • 8 Months Ago
        How stupid can you be? Without AM, Ford would have ended up like GM and MOPAR....BK'd and ashamed.
      • 8 Months Ago
      Too bad. Mark Fields is from the Ford old school, not really the kind of leader that Ford needs for the future.
      • 8 Months Ago
      Well....Ford did turn around, but, that Lincoln brand is going to restrain any future progress. Enjoy your retirement. I think you picked the right time.
      Avinash Machado
      • 8 Months Ago
      Very sad news if true.
      • 8 Months Ago
      Makes me wonder after he retires will he spend his days restoring a classic Ford or hook up with some old buddies to restore the first 747, which Boeing has announced their plans to restore it. Either way I'm super jealous of his career a aviation geek to a car geek, dude got to do it all.
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