Mullaly Sticking Close To Ford Upon Stepping Down
Outgoing Ford CEO Alan Mullaly may be heading out the door, but he does plan to help his successor when needed.
Bloomberg reports Mullaly will act in an advisory role to upcoming CEO Mark Fields, and plans to remain close to Ford for the foreseeable future. Beyond this, the outgoing CEO has held his post-Ford plans close to the vest, though sources claim Mullaly may be lining up a board director or chair position somewhere.
Since his arrival from Boeing in 2006, Mullaly has been credited for turning around Ford’s fortunes, establishing a collaborative environment from senior management down. After losing $30.1 billion from 2006 through 2008, the Blue Oval gained $42.3 billion between 2009 and 2013. On the sales front, its home market saw an 11 percent boost in 2013, thanks to the F-Series, Fusion and Escape, and trounced Toyota in China.
As for what Mullaly sees Fields’ Ford accomplishing, he sees the company tackling economic development, congestion and pollution:
We’re going to continue to see a very large migration into the larger cities worldwide. Personal mobility and integrated transportations [sic] systems, I think that’s going to continue to be very, very important. And Ford, as a transportation technology company, has such a great opportunity to serve in that way.
Seattle-based writer, blogger, and photographer for many a publication. Born in Louisville. Raised in Kansas. Where I lay my head is home.
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It's clear that Ford wants the world to understand that the man with the Golden Touch is still around and available. They don't want the stock to tank when Fields takes the reins next month. I still think it will but will bounce back once no disasters appear. Having all that drama at GM has been a godsend for Ford.
Good to see that only one person knows how to spell Mulally's name, and it sure isn't the poster. MULALLY.
Clearly Mullay was in the right spot at the right time. The entire domestic auto industry was bailed out by the government, including Ford. The bailout of the entire economy is still ongoing ... QE. With all this easy money, every auto company in the world is flashing financials similar to Ford. Ford is not doing any better or worse than the rest of the industry. So, Mullay may have helped Ford, but any decent manager in his slot would have seen similar financial results and would have been called a hero in metro Detroit.
@hreardon - logic is lost on someone like Z71_Silvy. I don't see him criticizing GM on any of the recall threads.