CEO Credited With Saving Ford Retiring
Alan Mulally will be replaced by Mark Fields
By Newser Editors and Wire Services
Posted May 1, 2014 8:13 AM CDT
Alan Mulally, President and CEO of the Ford Motor Co., is interviewed at the North American International Auto Show in Detroit, Monday, Jan. 13, 2014.   (AP Photo/Carlos Osorio)

(Newser) – Ford CEO Alan Mulally will retire July 1 and be replaced by Chief Operating Officer Mark Fields, the company announced in a news release this morning. The 68-year-old Mulally is credited with saving Ford from financial ruin after being hired away from Boeing in 2006. Fields, who has been running the company's daily operations since December 2012, will also become a member of the automaker's board of directors. The exit is only a partial surprise: Wall Street Journal last month reported that Mulally intended to leave the company earlier than expected, but today reports that the transition will happen about six months ahead of schedule, after Mulally asked to speed things up.

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Showing 3 of 5 comments
Box1Car
May 1, 2014 1:22 PM CDT
Ford's success is because they've invested in ROBOTIC technology to improve factory production by employing Cost-Effective LABOR of Robots which in turn improves health of factory workers by augmenting assembly lines with capabilities/precision of Robots http://www.chicagobusiness.com/article/20131112/NEWS05/131119977/at-fords-south-side-plant-the-rise-of-the-machines#
WallyEFunk
May 1, 2014 11:59 AM CDT
Nice to hear of a CEO, that does great for a company. must love his work leaving at 68. He had money to leave years ago.
Pragmatist
May 1, 2014 10:36 AM CDT
Good man... good company... good products (Oh.... and, no government bailout needed, asked for, or required)