Mark Fields To Replace Alan Mulally, As Ford CEO: We Wish Him Mazel Tov

Mark Fields, Ford Group VP Derrek Kuzak, Bill Ford Jr., Alan Mulally

Two of the most reliable reporters on the automotive beat, Karl Henkel and David Shepardson of the Detroit News, have reported that their sources confirm that Ford Motor Co. CEO Alan Mulally will step down later this year and that Mark Fields, Ford’s chief operating officer, will be named to the CEO position. Earlier on Monday, Bloomberg News reported that Ford “may announce the moves as soon as May 1.” Ford’s annual corporate meeting is scheduled for May 8 in Delaware, with the FoMoCo board of directors meeting the prior day. Mulally, 68, has been with Ford since 2006 and he’s generally credited with successfully guiding the automaker through the troubled waters that brought crosstown rivals General Motors and Chrysler to bankruptcy and a government bailout.

The move is seen by most as a formality and that Fields, 53, has been assured of replacing Mulally since he was promoted from President of the Americas to COO in late 2012. Mulally has previously said publicly that he plans to remain as Ford’s CEO through at least 2014. Other than a stint at IBM, Fields has been at Ford for most of his adult life, having joined the company 25 years ago.

A Ford Motor Company spokesperson declined to confirm or deny the reports.

So that’s the boilerplate news. In the background of the story, though…

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  • MaintenanceCosts Most of the article after the blockquote is Posky laboring mightily to somehow blame this clearly anticompetitive and oligopolistic conduct on the big bad government.I look forward to some of the usual commenters explaining to us that, actually, the oil industry is a cuddly teddy bear and the real villain is people trying to sell us cars that don't use oil.
  • Bd2 A modest price bump for one of the better it not the best vehicle in it's class. And it's a very good deal still considering the Front wheel drive competition over at Lexus to name one. These Genesis vehicles are more like BMWs of the 90s but with better styling.
  • Dave M. What???? Big business taking advantage of us? I thought it was all Biden's fault!?!
  • OA5599 Now if we could only get Toyota to change BZ4X...
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