Ford has stressed the heir chief executive officer Alan Mulally will retire in July 2014. His place will take Mark Fields 53 who worked in Ford since 1989. Alan Mulally is know as a person who literally saved Ford during the depths on crisis back in 2008-2009. It has been pointed that after retirement Mr Mulally will not retain a place as one of the board members.
In a statement from Ford, the company said that Mr Mulally, 68, will be remembered for engineering “one of the most successful business turnarounds in history”. Chairman Bill Ford has also added that Mr Mulally had been a “hall of fame” chief executive. Which means that he will always be remembered for all the effort he has put into Ford. Mr. Ford also stated:
“He took on the hardest job at the company,” said Mr Ford, noting that as a young leader there were some who thought he would not be up for the task.
Whilst remaining under the leadership of Mr. Mulally, Ford has shown a significant profit for almost 5 consecutive years. It looks like Mr. Mark Fields, will have a really nice role model to look at whilst being the new Ford CEO. I can easily say that all the board members as well as rest of employees of Ford will expect quite a lot now from a new CEO, as the standards of performance are now higher than ever.
One of fhe first challenges for Mr Fields as the new CEO of Ford is the roll-out of the Ford F150 pick-up truck, the firm’s best-selling vehicle. So I guess if it’s a best selling vehicles Mark Fields shouldn’t have any problems with it.
Please come back soon for more information on Ford and their development.