Sterling Ford (F) Management May Contain CEO Successor
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Overall Analyst Rating:
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EPS Growth %: -30.2%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 6.2%
EPS Growth %: -30.2%
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At Ford (NYSE: F), quality is job one, and according to Reuters, that mantra doesn't just stop at the cars.
Executive Chairman William "Bill" Ford, Jr., said in an interview that there is such a solid team at the upper crust of Ford, that he wouldn't be surprised to see a successor to superstar (our word) CEO Alan Mulally in the works.
The news may be big, as Mulally has gained somewhat of a "Jobs-ian"
stature at Ford following his ability to negotiate Ford from near bankruptcy in 2006 to one of the most admired companies in America in 2010. Ford's shares gained 80% through 2010 alone on the shoulders of the former Boeing exec.
Though good for the company, Mulally's moves have made analysts a little nervous about a potential successor, so Ford's words should stem those fears a little. No other names were mentioned as potential candidates.
From Reuters: "I think I wouldn't be doing my job if I said we would never look outside," Ford said. "But I'm really happy with the talent that we have here and the way that Alan has developed that talent and brought them along."
Ford said that he has no intention to return to the helm as CEO.
Ford shares are up 0.14% to $18.25 this afternoon. Ford released news that their China sales are up 40%
in 2010 to 582,467 units.
Executive Chairman William "Bill" Ford, Jr., said in an interview that there is such a solid team at the upper crust of Ford, that he wouldn't be surprised to see a successor to superstar (our word) CEO Alan Mulally in the works.
The news may be big, as Mulally has gained somewhat of a "Jobs-ian"
stature at Ford following his ability to negotiate Ford from near bankruptcy in 2006 to one of the most admired companies in America in 2010. Ford's shares gained 80% through 2010 alone on the shoulders of the former Boeing exec.
Though good for the company, Mulally's moves have made analysts a little nervous about a potential successor, so Ford's words should stem those fears a little. No other names were mentioned as potential candidates.
From Reuters: "I think I wouldn't be doing my job if I said we would never look outside," Ford said. "But I'm really happy with the talent that we have here and the way that Alan has developed that talent and brought them along."
Ford said that he has no intention to return to the helm as CEO.
Ford shares are up 0.14% to $18.25 this afternoon. Ford released news that their China sales are up 40%
in 2010 to 582,467 units.
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