Ford (F) CEO Mulally Says He Probably Won't Stay Forever, But Has No Time Line

Earlier this week, reports suggested Ford (NYSE: F) CFO Lewis Booth would be stepping aside to allow the further grooming of a successor to Alan Mulally.

While a confirmation from Ford has yet to surface, Fox Business Network (FBN) recently spoke with Mulally about his future plans and retirement. The following is a summary of the interview:

• He and Executive Chairman Bill Ford recently talked about Mullally's future, and no timeline was given for his retirement.
  
  
• Bill Ford wants Mulally to stay forever, which Mulally said he probably won't. Note the use of "probably."
  
  
• He affirmed Asia-specific ops won't report a profit due to Thai flooding, but admitted this is a smaller part of operations.
  
  
• Mulally expects Ford to exceed last year's profit targets on total profit and free cash flow.
  
  
• Ford tries to match production with demand, and the company is currently just about right on. Should demand slow, so will production, and vice-versa.
  
  
• Ford isn't chasing market share.

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