By on May 1, 2014

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Ford’s board of directors has confirmed Mark Fields as the Blue Oval’s next CEO. Current CEO Alan Mulally will depart on July 1st, with Fields assuming the post immediately.

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62 Comments on “Mark Fields Confirmed As Ford CEO...”


  • avatar
    danio3834

    July 1st? Sooner than expected for sure. Look for the stock to take a dive. It’s down nearly 1% this morning.

    • 0 avatar
      geeber

      Surely investors didn’t expect Mulally to stay at Ford forever. Fields seems pretty well-seasoned by this point. He has been through some of the company’s toughest years.

      • 0 avatar
        danio3834

        I agree, I’m hanging on to my shares. I don’t put much faith in the habits of other investors, though. When these rumors started swirling last year the stock took some hits. It looks like it’s not going to be too bad a day today after all, but if things get at all rocky once Fields takes the reins, look out!

        • 0 avatar
          TomHend

          Danio3834
          I like your posts very much, especially about aluminum, as far as Ford stock is concerned, the stock now goes up and down on the Fed, PE, sales, CEO changes, etc are all “noise” in markets today.

      • 0 avatar
        mike978

        It had previously been reported that Mulally would stay through 2014. So leaving 6 months earlier is news.

        • 0 avatar
          Z71_Silvy

          Well, Mulally is a liar. Flat out. He’s lied during his entire disastrous tenure at Ford.

          • 0 avatar
            imag

            Unfortunately, CEOs all lie in order to manage information release at a modern company.

            It is one reason why I would be uninterested in ever taking a CEO position. It just seems sad to me that it essentially the only way to do business these days.

          • 0 avatar
            lando

            What? References? Even anecdotal evidence?

          • 0 avatar
            Z71_Silvy

            Lando:

            ‘We’re fully dedicated to Mercury’
            http://www.autoblog.com/2010/01/27/mulally-mercurys-star-still-shining-bright-for-now/

            That was a lie because FOUR months later…they killed the brand:
            http://www.autoblog.com/2010/06/02/report-mercurys-demise-coming-at-3-pm-est/

            ————–

            “Ecoboost will cost $700.00″

            The LOWEST Ecoboost has cost is over $1,000.

            ————–

            “Ecoboost will get 20% better fuel economy than a V8″

            Never happened…in fact, most modern V8s are MORE efficient and have been far more reliable.

            ————–

            “I’m staying at Ford through 2014″

            LIE…he’s gone July 1st.

            He encourages a culture of dishonesty at Ford….from lying about fuel economy to allowing mediocre products to be built.

            Ford has a monopoly on mediocrity…hopefully Fields will get rid of that and get some honesty back in the place.

          • 0 avatar
            lando

            So making hedged statements about the future moves of the company and stating (and missing) engineering goals is lying? You can be critical of some of the moves made by Ford under his watch (such as dependability issues with Eco Boost) with justification, but the still unverified claims of lying seem like a personal issue.

          • 0 avatar
            Z71_Silvy

            Yes, the missed engineering targets and STILL advertised it as such.

            Again, he encouraged an environment of dishonesty and mislead as a way to gain sales.

            He’s not an honest person…and ran the company the same way.

          • 0 avatar
            Skink

            Troll.

            You are ASSuming Mullaly didn’t change his mind.

            Mullaly saved Ford. Go lay down by your dish.

          • 0 avatar
            Skink

            Mullaly pulled Ford out of a ditch. I scored a ten-bagger on Ford stock, while other American car companies went bankrupt.

          • 0 avatar
            bomberpete

            Z71 — I’ll grant you that Ford has made a few boneheaded moves that have hurt its quality, particularly MyFordTouch and the DSM tranny. And I have my own concerns that come July 1, every senior executive at Ford will have to wear a mullet.

            But the best you’ve got against Big Al are his retirement plans, some teething pains with EcoBoost, and MERCURY — which was only kept on life support at the Ford family’s behest?

            That is extremely lame. And if it’s all you can muster, perhaps you should start trolling against Toyota or FiatChrysler.

          • 0 avatar
            Z71_Silvy

            No Pete…I’m illustrating how Ford was run by a dishonest person…someone wanted examples, and they got them.

            Ecoboost has been a disaster. Big Al lied about mercury (you mean to tell me that Ford went from fully committed to Mercury to closing it in less than 4 months???)

            Basically, it’s telling how Ford was run during Al’s tenure. They only care about one thing….and will do anything to get it.

            Why do you think they LIED about the Fusion and C-Max fuel economy?

          • 0 avatar
            Dave M.

            Hehe. Yeah.

    • 0 avatar

      From an investing standpoint Mark is a lower risk then when they brought in Allen. Car companies have often floundered when bringing in “fresh ideas”. Mark should be able to continue a good thing as many of the ideas he had a part in developing. I say it’s a good time to buy some more.

      • 0 avatar
        Wheeljack

        The real issue to me is this: as a Ford “lifer”, will Fields continue on using Mulally’s approach, or will he allow Ford to devolve back into the rigid fiefdoms is had become before Mullaly came on board. If the fiefdoms rise back into power, Ford is in trouble.

    • 0 avatar
      Loki

      Ever since I began accruing F stock last year it seems to drop whenever Ford is in the news. Good news, bad news, neutral news, F drops. I hate the stock market.

      • 0 avatar
        danio3834

        It defeinitely seems that way. “News!? OMG Sell, sell, sell!”

        • 0 avatar
          Loki

          Meanwhile GM has practically recalled everything in the past decade and the stock just keeps chugging.

          • 0 avatar
            28-Cars-Later

            I’ve read a Buffet quote which said something to the effect of the market is often wrong short term on valuation it’s more concerned about long term. Short term still making profits and cash on hand, but what are GM’s prospects in the long term?

          • 0 avatar
            danio3834

            The GM stock has taken a pretty big hit since the beginning of the year. I was laughing when it went to $42/share at the end of last year, but I stopped when it hit $33 recently.

  • avatar
    bomberpete

    Mullets for everyone @FMC

  • avatar
    thornmark

    I wish the man good luck – he’s following the goldilocks ceo. That’s always a tough act.

  • avatar
    Hummer

    Maybe I’m the only one, but I think anyone other than Mullaly would be a massive breath of fresh air for Ford.

  • avatar
    cdnsfan27

    I am sorry to see Mr. Mulally go. He brought a breath of fresh air to Ford and his solid midwestern values were appreciated. I hope a leopard can change his spots but I don’t trust Mr. Fields. He is too slick, too old “fiefdom” Ford. Did he really buy in to Mulally’s management style or did he just parrot it to get ahead?

  • avatar
    thornmark

    OT For history buffs:

    http://series.c-span.org/History/Events/Reel-America-quotDetroit-City-on-the-Movequot–1965/10737444212/

  • avatar
    Z71_Silvy

    This is fantastic news. Out with the lying incompetent and in with someone who will hopefully put Ford on a track of success with quality vehicles that are desirable and people actually want to own.

    Time to restore some level of honesty within Ford Motor Company.

    The past 10 years of going backwards has finally come to an end…..albeit 9 years too late.

  • avatar
    CoreyDL

    That’s a cool wheel pattern on the red ______ there. Puts me in mind of the 80s honeycomb wheels on things like a Bonneville SSE, or an RX7 Savanna.

    http://www.automobile-catalog.com/img/picto28h/mazda/mazda_0038s.jpg

  • avatar
    brenschluss

    I know nothing of his business acumen, but I do want to sneak up behind him with a hair clipper.

    • 0 avatar
      Lorenzo

      Bring a tailor with you. That’s worst-fitting “executive” suit I’ve ever seen. Look at Mulally for contrast.

    • 0 avatar
      28-Cars-Later

      I agree with both of you. He must do his clothes shopping at garage sales and his grooming by Supercuts.

      • 0 avatar
        CoreyDL

        Which person are we criticizing as the mullet guy with bad suit? I see three badly fitted suits. The other that isn’t badly fitted is being worn incorrectly, as well as two of the others. In this photo nobody is dressed properly.

        • 0 avatar
          brenschluss

          Here’s one classic shot:

          http://i.cnn.net/money/2007/01/18/news/companies/fields_flights/fields_mark_ford.03.jpg

          Tell me that guy doesn’t need a fat racing stripe down that beavertail.

          • 0 avatar
            Skink

            While you girls chatter on about hair and clothing, the rest of us will concentrate on the car business.

            Tailor.

          • 0 avatar
            brenschluss

            Making fun of a man’s mullet in the year two-thousand and fourteen is a perfectly gender-neutral activity.

            While you concentrate on your car business, Skink AKA. Mr. Fields, I’ll concentrate at least a little on not looking dumpy in my public appearances and be better off for it.

          • 0 avatar
            Kenmore

            Dumpy ain’t hurtin’ Sergio none.

          • 0 avatar
            brenschluss

            Sergio’s dumpy is for lack of trying. That’s cool. He looks like almost every rich academic I’ve ever met.

            MKF looks like he had his salad days in 80′s Miami.

            Maybe dumpy was the wrong word. I’m gonna make fun of the guy for choosing to have a mullet though. Dare you to stop me.

        • 0 avatar
          danio3834

          I’m glad the fashion police is here to point out the wardrobe horrors at a car manufacturer.

        • 0 avatar
          28-Cars-Later

          Mullet man in the Sears suit and $2.00 tie. Maybe I’m just too classy but if I was heir aparent to FoMoCo and made bank, you wouldn’t see me in anything less than Brioni, Zegna, or possibly top shelf Brooks Brothers for that occasional old school gangsta look – and it would all be fitted properly (I’d keep a taylor in the company’s employ if it had too). Heck *I* have a Zegna for fracks sake.

          • 0 avatar
            bball40dtw

            I would hope you would purchase something made in the US, like a Hickey Freeman suit. I’m sure there are plenty of tailors that do bespoke stuff too.

          • 0 avatar
            28-Cars-Later

            I have a Ralph Lauren, a few BBs (some old hand me downs, some new), a Zegna, and an Armani Collezioni. I do recall the Lauren was made in Canada, and the older BBs USA. I can’t recall if the newer BBs were or not. I like my taylor as he is a bit crazy, grew up under the Nasser regime in Egypt, and is very familiar with European suits. I should ask him if it is in skill to craft a suit from raw fabric, he probably could do it.

          • 0 avatar
            bball40dtw

            I have a couple Hickey Freeman suits but I usually wear a US-made Hart Schaffner Marx suit when a suit is required. You have some fancy Italian threads. My dress code is usually khakis now. Jack Donnelly has some excellent American made khakis/pants. It seems many tailors are from the Middle East now. Mine was jailed by the Iraqi Ba’ath Party in the 80s.

  • avatar
    snakebit

    I’m sorry that Mr. Mulally is leaving his post early, but between Bill Ford, his cousin Edsel, and Mark Field, they probably agreed the timing was right. Mark has been steadily climbing in stature and CEO training with Ford in the past many years. We now have two dedicated carguys and a guy very dedicated to properly managing the company. Ford’s prospects could be a lot worse than having these three people minding the store.

  • avatar
    indi500fan

    Is Mark still commuting from Miami or is he a Michigan man these days?

  • avatar
    Lie2me

    Fields is not giving up his Florida residency for the job, long term prospects don’t seem great

  • avatar
    makuribu

    So is Mullaly going to Microsoft, the place he wasn’t going because he was staying at Ford long term?
    There’s a relationship built on honesty!

  • avatar
    Lou_BC

    It will be interesting to see how Ford transitions to a new CEO. Ford could slip back into old habits but considering the length of time Mulally was at Ford, one would hope that he cleaned up the “old boy’s” network.

    I have to laugh at Z71_Silvy.

    Those comments of his aren’t worth the bandwidth to rebuke.

    • 0 avatar
      Z71_Silvy

      The truth can be uncomfortable sometimes.

      • 0 avatar
        Kevin

        Alan Mulally will go down in the annals of car history with the likes of Lee Iacocca. They both cleaned house in companies that sorely needed it, they both saved their respective brands from bankruptcy, and they both innovated and took risks with new technology to advance their brand (some of which worked well, some of which worked poorly… the Ultradrive comes to mind).

        But I’m sure you think Iacocca was just a used car salesman in a cheap suit with a stogie.

        • 0 avatar
          Z71_Silvy

          He may, but he certainly shouldn’t.

          All he did for Ford was take out a huge loan, lie and cheat to sell cars, lower quality, and increase recalls substantially.

          Yeah, great CEO.

          • 0 avatar
            Kevin

            Would you go so far as to say Ford was better off with the likes of William Clay Ford and Jacques Nasser at the helm?

          • 0 avatar
            bomberpete

            Kevin, I made the mistake of taking TrollZ71′s bait. Whatever his animus is, it’s personal or paid (read BOT) and not grounded in reality.

            Ford’s marketing includes a particularly gifted social media guru, Scott Monty. One of his top rules is that haters like Z71 are so carried away that NOTHING you say, no matter how logical, is gonna change their POV.

          • 0 avatar
            dantes_inferno

            Z71_Silvy:

            “He may, but he certainly shouldn’t.

            All he did for Ford was take out a huge loan, lie and cheat to sell cars, lower quality, and increase recalls substantially.

            Yeah, great CEO.”

            If I were you, I would hope and pray that the GM brass hasn’t lied to you about the quality of their Z71 Silverado ignition switches – among other things…

    • 0 avatar
      WildcatMatt

      The problem is that there’s a tendency for backsliding. I’ve been re-reading “On a Clear Day You Can See General Motors” and I’m reminded of how Pontiac started going retrograde the instant DeLorean was moved to Chevrolet.


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