Ford Could Name Mark Fields As CEO By Next Month
It’s no secret that Ford Motor Company CEO Alan Mulally is looking to retire soon and Mark Fields is waiting to in the wings to fill this role, but Bloomberg is reporting that the move could have much quicker than initially planned. Originally, Mulally had said he was going to stay on through the end of this year, but the new report indicates that Fields could take the helm as early as May 1. RELATED: 2015 Ford F-150
The exact timeframe for the changing of the CEO guard is unknown, but one reason that it will likely happen sooner rather than later is to prevent it from becoming a distraction. With crucial new products coming out like F-150 and Mustang, Ford wants all of the media attention focused its new products rather than its personnel changes. In addition to the Mustang and F-150, Ford is also continuing its attempts to revive Lincoln as well as launching the brand in global markets such as China.
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Fields, 53, is a 25-year veteran at Ford having been in charge of Mazda and Ford’s Premier Automotive Group before eventually landing his current role as COO back in 2012. Mulally, 68, helped turn Ford around with fewer brands and more competitive products, and his forward thinking resulted in a financial restructuring at Ford that may have helped prevent the automaker from going through the same bankruptcy issues as Chrysler and General Motors. It’s unclear as to where exactly he will end up since he took his name out of the running for Microsoft CEO earlier this year.