Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Mark Fields To Replace Alan Mulally As Ford CEO

DETROIT, May 1 (UPI) — Ford CEO Alan Mulally, who is credited with turning around the car maker, will retire July 1 and will be succeeded by his lieutenant Mark Fields.

Fields has long been seen as the CEO-in-waiting after he was promoted to chief operating officer in 2012. Before being appointed COO, Fields was in charge of Ford’s operations in the Americas, making North America into a profit engine.

“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,” Executive Chairman Bill Ford said.

Mulally has been credited with turning around the company, which he took over in 2006 after being personally appointed by Bill Ford. At the time the car maker was known for executive infighting, but Mulally changed that by instilling a team-focused culture at Ford.

Mulallly shed Ford’s non performing brands like Mazda, Land Rover and Volvo. He took the bold step of mortgaging key company assets like its factories and iconic blu oval logo, to give the company enough cash to revamp its line of cars.

These efforts seem to have worked, as the company earned $7.2 billion in 2013, with enough profits to pay hourly factory workers a profit-sharing bonus of $8,800 each.

Fields has been by Mulally’s side during the recovery and was even groomed by the latter. When Mulally joined Ford, Fields was known to have a hot temper but after embracing Mulally’s work culture he has grown to become a more relaxed and polished leader.

“Fields learned a lot from Mulally,” said auto analyst Michelle Krebs. “He picked up good habits to not get sidetracked and be laser-focused on product.”

While some personnel changes are expected with the entry of a new CEO, insiders do not expect Fields to do anything radical.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Mark Fields To Replace Alan Mulally As Ford CEO”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.