Alan Mulally

Stateside
12:02 pm
Thu June 26, 2014

Ford CEO Mulally leaves behind big shoes for successor to fill

Outgoing Ford CEO Alan Mulally.
Credit Ford Motor Company

Alan Mulally will hand over his Ford CEO job to Mark Fields next Tuesday. 

Fields has been with Ford since 1989 and the chief operating officer since 2012.

Mulally came to Ford as an auto outsider and many questioned his ability to turn the struggling company around.

Detroit News business columnist Daniel Howes was one of the doubters. Howes is now happy to say he was wrong. And Mulally has created big shoes for Fields to fill

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Business
4:23 pm
Thu May 1, 2014

Ford announces CEO Alan Mulally will retire in July

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. 

Stateside
4:05 pm
Tue April 22, 2014

Mark Fields to take the place of Alan Mulally as Ford CEO

Alan Mulally
Credit Ford Motor Company

All signs point to a big change at Ford Motor Company.

Although the automaker has not made an official announcement, there is much speculation today that CEO Alan Mulally is reportedly ready to retire before the year is out and COO Mark Fields will ascend to the top spot.

Michigan Radio's auto reporter Tracy Samilton joined us today.

Listen to the full interview above.

Auto
1:24 pm
Sat March 29, 2014

Ford CEO's pay up 11% to $23.2 million in 2013

Ford CEO Alan Mulally earned $2 million in salary, the same as 2012. But he earned more in bonuses, at $5.9 million, and in stock and option awards, which totaled $14.7 million.
Steve Carmody Michigan Radio

DETROIT (AP) - Ford CEO Alan Mulally's compensation rose 11 percent to $23.2 million in 2013, as the company reported record profits in North America.

Mulally earned $2 million in salary, the same as 2012. But he earned more in bonuses, at $5.9 million, and in stock and option awards, which totaled $14.7 million.

The company's board said Mulally exceeded profit and cash flow targets. The company also earned a record pretax profit of $8.8 billion in North America.

Auto
7:48 pm
Tue January 7, 2014

Ford CEO Mulally says he's not leaving for Microsoft

Ford CEO Alan Mulally (file photo)
Steve Carmody/Michigan Radio

DEARBORN, Mich. (AP) - Ford CEO Alan Mulally says he will not leave the automaker for Microsoft and will stay at Ford at least through 2014.

Mulally is widely credited with saving Ford after being hired away from Boeing in 2006. But in recent months there have been numerous reports that he was in the running for the top job at Microsoft, where CEO Steve Ballmer has said he plans to leave the company sometime this year.

Auto
10:44 am
Fri January 25, 2013

The dark side of Detroit's auto show: dreaded scrums

Reporter Sharon Carty looks in camera during a scrum with former General Motors Chairman and CEO Ed Whitacre.
Jeff Kowalsky


For the average person, there's a lot of "wow" at the North American International Auto Show.

But for reporters and auto company executives, that "wow" can sometimes be more like "ow."

Especially during the impromptu, free-for-all press conferences that are known as "scrums."

Problem is, nobody tells you what a scrum is before you attend your first Detroit auto show.

They all wait until it's too late to back out. It's almost a kind of hazing.

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Auto
3:21 pm
Thu November 1, 2012

Mulally to stay put as Ford CEO through 2014

Ford CEO Alan Mulally and Executive Chairman Bill Ford, Jr.
Credit Ford Motor Company

At least for now, Ford Motor Company has put to rest months - no, make that years - of intense media speculation about when its CEO Alan Mulally will leave the company.

Ford says the 67-year old executive, widely credited with saving the company, will NOT be leaving his position until at least the end of 2014.

Mulally, a 37-year veteran of Boeing, took the helm of Ford in 2006, as the struggling Detroit automaker faced the prospect of bankruptcy, like its rivals Chrysler and General Motors.

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12:12 pm
Thu November 1, 2012

Mulally staying at Ford, Fields promoted

Lead in text: 
Guessing when Ford CEO Alan Mulally will retire has become a favorite game for some auto beat reporters. But now Ford and Mulally have taken all the fun out of it.
Mark Fields, currently Ford president of the Americas, further cements his chances of becoming chief executive of Ford with today's announcement he is being promoted to the new position of chief operating officer, effective Dec. 1. Bill Ford also announced that Alan Mulally, who orchestrated a financial, cultural and product-led turnaround, will remain as CEO and president through 2014.
Ford CEO Alan Mulally
5:52 pm
Tue September 18, 2012

Mulally: "My plan is to continue to serve at Ford"

Ford CEO Alan Mulally in New York on Tuesday, touting the new hybrid Fusion's segment-leading fuel economy
Ford Motor Company

Ford Motor Company CEO Alan Mulally says he has NOT told his company's board when he will retire-- contrary to recent media speculation.

Mulally's retirement date is an obsessively pursued story in the auto press.

Bloomberg, Reuters and the Wall Street Journal especially are all vying to be the first to get it right.

Bloomberg said last week that the Board of Ford Motor Company was poised to promote Mark Fields, Ford's President of the Americas.

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Ford, Mulally and Fields
2:38 pm
Thu September 13, 2012

Bloomberg, Reuters trying to out-scoop each other on Ford succession story

DETROIT (Reuters) - Ford Motor Co's (F.N) board of directors is considering keeping Chief Executive Alan Mulally involved with the No. 2 U.S. automaker after his retirement as nonexecutive chairman, a person familiar with the matter said on Thursday.

Auto
1:29 pm
Thu September 13, 2012

Mulally leaving Ford? AP lists 3 reasons to worry, and 3 reasons to be hopeful

Ford CEO Alan Mulally. Ever since he turned 65, there's been speculation about his retirement.

Henry Ford's great-grandson said it plainly to the Associated Press... Ford Motor Company was once plagued by internal divisions that dragged the company down.

"At the old Ford, you had heroes and villains," [Bill Ford Jr.] said. "Now, it's, `OK, where do we have issues and how do we solve them?'"

Alan Mulally was brought in by Bill Ford Jr. in 2006 as Ford's new CEO.

Mulally has been credited with righting the ship. Michigan Radio's Tracy Samilton wrote about how Mulally has changed things at Ford over the last six years.

She writes about how Mulally's retirement has been a point of speculation ever since he turned 65:

...one question invariably comes up during media scrums at Ford Motor Company events. "When are you going to retire?" some reporter or other asks. Now that he's 67, the question is being asked even more frequently

Yesterday, Bloomberg News broke a story about moves the company plans to make:

Ford Motor Co. (F) directors are preparing to promote Mark Fields to chief operating officer from president of the Americas, a move that anoints him as probable successor to Chief Executive Officer Alan Mulally, according to a person familiar with the plan.

Bloomberg writes Mulally is expected to retire at the end of 2013. Really? So far the company itself is mum.

But the retirement talk, has AP auto reporters Dee-Ann Durbin and Tom Krisher writing about life at Ford after Mulally.

They highlight six points about the company.

3 of which they say should worry investors, and three of which they say are encouraging signs.

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Auto
12:07 pm
Thu September 13, 2012

The man brave enough to take Alan Mulally at his word could be Ford's next CEO

ford.wieck.com

Ever since Ford CEO Alan Mulally turned 65, one question invariably comes up during media scrums at Ford Motor Company events.  "When are you going to retire?" some reporter or other asks.

Now that he's 67, the question is being asked even more frequently -- even though the man is by all accounts healthy, extremely fit, and a fierce competitor on the tennis court and golf course - and even though he seems to relish his job.  

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Auto/Economy
1:29 pm
Fri January 27, 2012

Ford posts third consecutive annual profit despite speed bumps

Ford Motor Company posted its third consecutive annual profit last year.   

It’s another sign that the company’s massive restructuring effort, which began in 2006, has returned the company to financial health. 

"This was our plan," said Ford CEO Alan Mulally.  "This is our vision of growing a great company for the good of all of us." 

Ford made an $8.8 billion pre-tax operating profit last year, not including a one-time tax gain.  That compares to an $8.3 billion pre-tax operating profit in 2010.

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Ford problems easy fix
6:04 pm
Thu October 27, 2011

Ford quality issues easy to fix, says CEO Mulally

The CEO of Ford Motor Company says the company is well on the way to fixing quality problems in new Ford cars.

The problems resulted in a big drop in the rankings for Ford in Consumer Reports' 2011 reliability survey.

Customers are having problems with the company’s My Ford in-car communication system. 

Users found the touch screens hard to activate or they had to be rebooted frequently.  

Consumer Reports' David Champion said that’s a safety issue, if people are so distracted by the problems that they take their eyes off the road.  

The new transmission in the Focus and Fusion has glitches, too. 

CEO Alan Mulally said both problems are software related.  

"So it’s relatively easy and fast, to be able to make those improvements," Mulally told Michigan Radio.  "So we’ve already started to incorporate that in the products that are in the field but also in the new products coming out."

Mulally said Ford began working on the issue a year ago, right after customers started complaining. 

Ford fell from 10th to 20th place this year in the Consumer Reports reliability survey.

Ford profits slightly lower
10:20 am
Wed October 26, 2011

Ford third quarter profits down a bit but still strong

Ford Motor Company

Ford Motor Company reports strong profits for the third quarter.  The company made $1.6 billion, despite a stagnant U.S. economy.   

The company's profit was down a bit from last year, because of a charge related to commodities, not because sales have slowed. 

Ford also reduced its debt by another $1.3 billion.

CEO Alan Mulally says the improved balance sheet -- and the new contract with the United Auto Workers -- will result in job growth over the next three to four years.

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Auto/Economy
11:34 am
Tue April 26, 2011

Ford makes out big in the first quarter

In the first three months of the year, Ford made $2.5 billion.
Marcus Wong Flickr

Ford Motor Company announced a profit of more than $2.5 billion in the first three months of the year.

That's the company's best quarterly performance since 1998.

Ford CEO Alan Mulally expects the rest of 2011 to be profitable as well - despite some headwinds like low U.S. consumer confidence and rising commodity and gas prices:

"Even though it's a slower recovery and the fuel prices are moving up, the demand is there and we are really pleased to have the product line that the consumers really do want and value."

Mulally says he's  optimistic that car sales will continue improving:

"In the automobile industry, the pentup demand is tremendous, you know the average age of car ownership is over ten years now."

Mulally says Ford also improved its balance sheet by reducing its debt by another $2.5 billion in the first quarter.

Ford took out a huge loan in 2006 before the recession.  That loan enabled the company to improve its cars during the economic downturn and avoid bankruptcy.

Since last year, the company has paid off $17 billion of debt.