Ford announces CEO Alan Mulally will retire in July

May 1, 2014

Ford CEO Alan Mulally.
Ford CEO Alan Mulally.
Credit user: Ford Motor Company / Flickr

It was perhaps the worst-kept secret in recent business history: Ford Motor Company has made it official today that their CEO Alan Mulally, is retiring July first. 

His successor, as expected, will be COO Mark Fields. 

Detroit News Business Columnist Daniel Howes sat down with Ford Executive Chairman Bill Ford shortly after this morning's announcement.

Howes joined us to talk about the timing of the announcement, and that conversation with Bill Ford. 

Listen to the full interview above.