Ford CEO Mulally steps down; Fields steps up
- 10 years ago
SOUNDBITE: BILL FORD, CHAIRMAN, FORD MOTOR COMPANY (ENGLISH) SAYING:
"Alan on behalf of Ford Motor Co, for everything you've done, thank you, you've been absolutely the best."
And with that, at a town hall at Ford headquarters, the company made it official. After eight years, CEO Alan Mulally will step down on July 1 and longtime Ford executive Mark Fields will take the helm.
Mulally is widely credited with helping rescue Ford in one of its darkest periods, from a company hemorrhaging cash to one that turns a profit.
But he was an outsider. This time, they're going with an insider.
Board Chairman Bill Ford said that's just how he wanted it:
SOUNDBITE: BILL FORD, CHAIRMAN, FORD MOTOR COMPANY (ENGLISH) SAYING:
"I would have been disappointed had we had to go outside. One of the things I talked about in the beginning was the continuity and the culture remaining the same so my preference would have been to promote from within but if the better pers
"Alan on behalf of Ford Motor Co, for everything you've done, thank you, you've been absolutely the best."
And with that, at a town hall at Ford headquarters, the company made it official. After eight years, CEO Alan Mulally will step down on July 1 and longtime Ford executive Mark Fields will take the helm.
Mulally is widely credited with helping rescue Ford in one of its darkest periods, from a company hemorrhaging cash to one that turns a profit.
But he was an outsider. This time, they're going with an insider.
Board Chairman Bill Ford said that's just how he wanted it:
SOUNDBITE: BILL FORD, CHAIRMAN, FORD MOTOR COMPANY (ENGLISH) SAYING:
"I would have been disappointed had we had to go outside. One of the things I talked about in the beginning was the continuity and the culture remaining the same so my preference would have been to promote from within but if the better pers