Ford’s CEO Mulally Says: No Plans to Retire – Car Pro News

Ford Motor Co. Chief Executive Officer Alan Mulally said he has no plans to retire from the second-biggest U.S. automaker.
“Please don’t write me off,” Mulally, 67, told reporters in New York today. “I love serving Ford.”
Mulally has won acclaim for saving the automaker without a federal bailout or bankruptcy. The CEO has declined to say when he will retire or who will replace him.
Ford’s board is preparing to promote Mark Fields to chief operating officer from president of the Americas, as part of a plan to have him eventually succeed Mulally, according to a person familiar with the deliberations.
“My plan is to continue to serve as the CEO of Ford,” Mulally said, adding that uncertainty over his retirement isn’t hurting the automaker’s share price. “I’m really clarifying that now. If I had any plans to do anything differently, I’d share it with everybody.”
Fields, 51, a 23-year veteran of the automaker, helped lead a transformation of its North American operations from record losses four years ago to record profits this year.
Asked to assess Fields’ leadership potential, Mulally instead spoke of Ford’s deep roster of executive talent.
“All of our leaders are growing, they’re developing,” Mulally said. “I think Ford has probably the strongest, many people believe it has the strongest bench ever.”


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