Ford Announces Alan Mulally Retiring on July 1; Mark Fields Named Company President and CEO
01 Maggio 2014 - 2:30PM
Business Wire
- Alan Mulally to retire from Ford on
July 1, after serving as president and CEO and leading the
company’s One Ford global transformation since September 2006
- Mark Fields named Ford president and
CEO, effective July 1; Fields served as COO since December 2012 and
led Ford’s transformation in North America since 2005
- Long-planned, seamless CEO transition
underscores strength of Ford’s leadership team and succession
planning process, Executive Chairman Bill Ford says
Ford Motor Company (NYSE: F) announced today that Alan Mulally
has decided to retire from the company July 1 and Mark Fields will
be named Ford president and chief executive officer and elected as
a member of the company’s board of directors.
“From the first day we discussed Ford’s transformation eight
years ago, Alan and I agreed that developing the next generation of
leaders and ensuring an orderly CEO succession were among our
highest priorities,” Executive Chairman Bill Ford said. “Mark has
transformed several of our operations around the world into much
stronger businesses during his 25 years at Ford. Now, Mark is ready
to lead our company into the future as CEO.”
Mulally, 68, is retiring after nearly eight years leading Ford
and capping a remarkable 45-year career. Mulally has led Ford’s
transformation and strengthened its position as one of the world’s
leading global automakers. Under Mulally and the company’s One Ford
plan for profitable growth, Ford has achieved 19 consecutive
quarters of profitability, developed the strongest product lineup
in Ford’s history and embarked upon the company’s most ambitious
global expansion in the past half century.
“Alan deservedly will be long remembered for engineering one of
the most successful business turnarounds in history,” Bill Ford
said. “Under Alan’s leadership, Ford not only survived the global
economic crisis, it emerged as one of the world’s strongest auto
companies. We always will be grateful to Alan for his leadership,
compelling vision and for fostering a culture of working together
that will serve our company for decades to come.”
The transition in July is approximately six months earlier than
previously anticipated, following Mulally’s recommendation to
accelerate the timetable based on the readiness of Ford’s
leadership team.
“Alan and I feel strongly that Mark and the entire leadership
team are absolutely ready to lead Ford forward, and now is the time
to begin the transition,” said Bill Ford, who recruited Mulally
from Boeing in 2006.
Fields, 53, was named Ford’s chief operating officer in December
2012. He has been leading all of Ford’s global business operations
and most skill teams, including product development, manufacturing,
purchasing, and marketing, sales and service.
Fields’ role as COO has included leading the company’s weekly
Business Plan Review meeting, which Mulally established to track
the progress of the One Ford plan and to monitor the global
business and competitive environment. The Thursday meetings are
credited with driving a reliable and transparent process for
running Ford’s global operations and enabling Ford’s senior
leadership to work closely together and act decisively on its
plan.
Before serving as COO, Fields served as executive vice president
and president – The Americas since October 2005. There, he led the
transformation of Ford’s North American business – turning it from
record losses several years ago to record profits in each of the
last four years. Earlier, Fields guided the product-led
transformation of Ford’s European operations and formerly held
European luxury brands, as well as the relaunch of Ford’s
independent operations in Argentina and a major restructuring and
product renaissance at Mazda.
Mulally thanked the Ford team for their many contributions and
accomplishments.
“It has been an honor to serve and contribute to creating a
viable, profitably growing company for the good of everyone
associated with the Ford Motor Company,” Mulally said. “By working
together with all of our stakeholders around the world, we now are
accelerating Henry Ford’s original vision to open the highways to
all mankind.
“Ford’s future is so bright, and Mark – supported by an
experienced and dedicated senior leadership team – is absolutely
the right leader to continue to deliver on our compelling vision,”
Mulally added.
Fields underscored his commitment to the One Ford plan,
including building on the company’s unprecedented global
introduction of new products, innovations and excellence.
“It is a true honor to lead this great company and this talented
team into the future,” Fields said. “Under Alan’s leadership, we
have seen the power of One Ford and what a culture of positive
leadership and working together can accomplish. My commitment is to
build on that success by accelerating our pace of progress. All of
us at Ford are committed to delivering even more of the great
products and innovations that will deliver growth and define our
company going forward.”
- For biographical information and photos
of Mark Fields, click here.
- For biographical information and photos
of Alan Mulally, click here.
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in
Dearborn, Mich., manufactures or distributes automobiles across six
continents. With about 183,000 employees and 65 plants worldwide,
the company’s automotive brands include Ford and Lincoln. The
company provides financial services through Ford Motor Credit
Company. For more information regarding Ford and its products
worldwide, please visit http://corporate.ford.com.
For news releases, related materials and high-resolution photos
and video, visit www.media.ford.com.
Ford Motor CompanySusan Krusel313.322.7998skrusel@ford.com
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