Breaking: Ford President And CEO Alan Mulally To Retire In July, COO Mark Fields To Take Over

As expected, Ford Motor Company has announced that its president and Chief Executive Officer, Alan Mulally, will retire July 1st, 2014. Having led The Blue Oval since September 2006, Mulally is widely known for transforming the automaker’s operations by spearheading the global One Ford strategy.

Replacing Mulally as president and CEO will be Mark Fields, who has served as COO since December 2012 and has led Ford’s transformation in North America since 2005. Fields has also been elected as a member of the company’s board of directors.

“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 further emphasized 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.”

News editor focusing on business, financial, and sales coverage who loves anything on wheels, especially if it's fast.

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