We've heard rumblings of a changing of the guard at Ford, and this live stream from The Blue Oval itself confirms the rumors: Alan Mulally will be succeeded by the automaker's current Chief Operating Officer, Mark Fields.
Automakers and their executives rarely like to divulge information regarding future goings on, but the board of directors at Ford sound like they're getting a little antsy about chief executive officer Alan Mulally and his plans for 2014.
Bill Ford went on the offensive to combat the rumors that CEO Alan Mulally would leave Dearborn for Steve Ballmer's vacated position leading Microsoft, adding that even if the 68-year-old, former Boeing exec were to depart, the Ford executive team is in a good place.
There have been rumors that Ford CEO Alan Mulally could assume the top job over at Microsoft, whose CEO, Steve Ballmer, will retire within the year. Mulally hasn't come out and said that he's considering moving to Microsoft after (or before) his contract with Ford through 2014 ends, but sources in the know say he's the front-runner to become the tech giant's CEO and has opened up to the idea more in recent weeks, AllThingsD reports.
With just a day until Bryce Hoffman's American Icon: Alan Mulally and the Fight to Save Ford Motor Company is released, more revelations from the book are hitting the headlines. Among the juiciest: Nissan-Renault chief Carlos Ghosn was offered the top job at Ford prior to Alan Mulally, but turned it down because he didn't want to work for then-CEO Bill Ford.
Ford CEO Alan Mulally has been awarded $58.3 million in company stock for his hand in righting the automaker's fortunes. After taxes, the CEO will receive $34.5 million. According to Automotive News, Mulally will also receive salary and benefits for 2011 on top of the his stock incentives. The stock was handed out as part of an incentive plan associated with the company's performance in 2009. The report says Ford has earned $29.5 billion since then after suffering through $30.1 billion in losses
There's little question that bringing Alan Mulally on board at Ford was the smartest move the company made in decades, nor is there much debate that credit for the company's salvation is largely due to his office. But could his number be up?
How do you replace the man credited by Time Magazine with managing "the biggest business turnaround of the Great Recession?" That's a very good question, and one that the Ford board of directors is grappling with as company CEO Alan Mulally edges closer to retirement age.
Ford CEO Alan Mulally must have an impressive trophy room. The executive was just voted to be the 2011 CEO of the Year by a group of fellow head honchos, adding yet another honor to his already lengthy list of awards. Chief Executive Magazine readers nominated those leaders they felt deserved a tip of the hat, and the top 10 names with the most votes were then submitted to a selection committee for a final decision. This year's committee was comprised of executives leading companies ranging from
Alan Mulally has no plans to retire just yet. The 65-year-old Ford CEO is still going strong at the helm in Dearborn, and is working to get his company back up to an investment-grade credit rating. Still, Bill Ford, Jr. explained to reporters last week that the former Boeing CEO's replacement will probably come from within the company.
If Bill Ford, Jr. has his way, he'll never be behind the controls of the Ford Motor Company ever again. It's not that the former CEO loathes the idea of holding the reigns to one of the biggest car manufacturers on the planet, notes Automotive News, it's just that he'd rather spend his time focusing on the company's future than dealing with day-to-to-day concerns.
The New York Auto Show began, as most of them do, with a keynote speech from an auto executive. In this case, it was Alan Mulally, Ford president and CEO, who talked about Ford (surprise!) and the future of the industry. The real short version is that he believes three main issues – the auto industry's opportunity to contribute to economic development, energy independence/security/efficiency and environmental sustainability – will "set the agenda for all of us going forward." Mulal
When Alan Mulally arrived at Ford Motor Company three years ago, the Blue Oval was in bad shape. New product wasn't exactly pouring in and the company's cash hoard was steadily shrinking. And word on the street is that the corporate culture at Ford was in as much trouble as the product lineup, making change difficult. Now in 2009, it appears Mulally has done the near impossible, turning around Ford's product lineup while supposedly positively altering FoMoCo's corporate culture.
If there's anyone out there who's qualified to opine on what it takes to turn around a struggling automaker, it's Lee Iacocca. Those old enough to remember life in the late '70s can recall Iacocca's first stint at the head of Chrysler, way before the automaker was ever purchased by Daimler and its subsequent sale to Cerberus. The situation in which the beleaguered automakers currently find themselves bears a striking similarity to that of Chrysler's in 1979, except that Chrysler was the only one