Ford (F) announces Alan Mulally will continue on as CEO and Ford president until at least 2014....


Ford (F) announces Alan Mulally will continue on as CEO and Ford president until at least 2014. President of the Americas Mark Fields is named Chief Operating Officer, effective December 1. (webcast)

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Comments (8)
  • Ryandan
    , contributor
    Comments (1594) | Send Message
     
    That's the way to play your cards Alan.
    1 Nov 2012, 09:25 AM Reply Like
  • EdwinJ44
    , contributor
    Comments (61) | Send Message
     
    Now, what are "they" going to talk (speculate) about...?
    1 Nov 2012, 09:56 AM Reply Like
  • Ron Reed
    , contributor
    Comments (346) | Send Message
     
    Oh thank God! was worried I'd have to sell when Alan left.
    1 Nov 2012, 10:35 AM Reply Like
  • fredoq
    , contributor
    Comments (22) | Send Message
     
    Must be everyone was afraid Mark Fields was going to ressurrect the Corp jet and just lol in the sun at the palace in Florida. No one said it but that is what they were thinking. It is laughable what moves the market these days. He isn't the right replacement for Mullaly, however, unless and until he proves that his drive, motivation and dedication is solely directed at the success of Ford Motor Company and its shareholders. Mullaly's announcement is a reinforcement of this kind of dedication and I expect to see the whip start cracking so the reins tranfer can be uneventful.
    1 Nov 2012, 02:03 PM Reply Like
  • moran
    , contributor
    Comments (214) | Send Message
     
    I'm very happy to hear Mulally has decided to stay a couple more years, also that Mark Fields is COO. I personally think it's a good thing for Ford Motor workers and stock holders.
    1 Nov 2012, 02:08 PM Reply Like
  • Ryandan
    , contributor
    Comments (1594) | Send Message
     
    My prediction is Mulally leaves at the end of 2013 or sooner. Ford has taken panic off the streets with this announcement.

     

    Alan has burned out. Consumer Reports will verify that.
    2 Nov 2012, 09:39 AM Reply Like
  • Tdot
    , contributor
    Comments (8677) | Send Message
     
    It was, after all, Mark Fields that developed and launched, under Bill Ford's direction (in December 2005), Ford's Global Restructuring plan dubbed "The Way Forward"; which included resizing the company to the then-current market realities, by closing redundant plants, and rebuilding other plants with multiple production lines for better production efficiencies.

     

    Alan Mulally was hired later in September 2006, to essentially clean out the political infighting and fiefdoms in The Glass House, and to light a fire under The Way Forward plan, which accelerated under his leadership. Alan then took the Plan to the Industrial Banks and Lenders to negotiate a $23.6B mortgage on essentially all of Ford's assets, to pay for the acceleration of The Way Forward. Which was then rolled into Mulally's global "One Ford" plan, which was about working together as a global Team, rather than as regional entities, to commonize the best platforms and products globally, to achieve further production efficiencies.

     

    Anyway one can probably assume that Mark Fields has been an absolute sponge as a sort of Assistant Coach, soaking up everything possible from Alan Mulally's playbook, and should be fully ready to take the reins whenever Alan does decide it is time to retire.

     

    But even after Alan retires, you can probably expect Ford to retain him on the payroll with a new title like "President Emeritus" or something, in a potent advisory role, and probably a seat on the Board of Directors as Vice Executive Chairman or Co-Chairman or something, with Shareholder approval of course.

     

    Decent chance the University of Kansas would also love to have Dr. Mulally "come home", to teach any of a number of classes, including the School of Engineering and the School of Business.
    2 Nov 2012, 10:05 AM Reply Like
  • moran
    , contributor
    Comments (214) | Send Message
     
    Excellent comments......
    4 Nov 2012, 02:03 PM Reply Like
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