Ford's (F) Alan Mulally To Stay at Least Through 2014
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Price: $13.99 -1.69%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.8%
Revenue Growth %: -5.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.8%
Revenue Growth %: -5.3%
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Ford Motor Co. (NYSE: F) announced that Alan Mulally plans to continue to serve as Ford president and CEO through at least 2014.
The company also named Mark Fields is named the company's new chief operating officer, effective Dec. 1.
The company also made several other concurrent leadership announcements, also effective Dec. 1, including:
"Today marks an important next step in the profitable growth of the Ford Motor Company and the appointment of key leaders who will help us continue to make progress on our One Ford plan," Bill Ford said. "The strength of our people and stability of our team are competitive advantages for Ford. We are fortunate to have Alan's continued leadership as well as talented senior leaders throughout our company who are developing and working together and delivering on our plan."
The company also named Mark Fields is named the company's new chief operating officer, effective Dec. 1.
The company also made several other concurrent leadership announcements, also effective Dec. 1, including:
- Joe Hinrichs is named executive vice president and president of The Americas; Hinrichs is currently group vice president and president of Asia Pacific Africa
- Stephen Odell is named executive vice president and president of Europe, Middle East and Africa; Odell is currently group vice president, chairman and CEO, Ford of Europe; Africa is being realigned with Europe and the Middle East under Odell to take advantage of profitable growth opportunities and efficiencies
- Jim Farley is named executive vice president of Global Marketing, Sales and Service and Lincoln; Farley, who is currently a group vice president, adds operating responsibility as the senior global leader for Lincoln, working together with the company's business units and functions on the re-invention of Lincoln as a world-class, global luxury brand
- David Schoch is named group vice president and president of Asia Pacific; Schoch is currently chairman and CEO, Ford of China
- John Lawler is elected a Ford Motor Company vice president and named chairman and CEO of Ford Motor China; Lawler is currently CFO, Ford Asia Pacific Africa
"Today marks an important next step in the profitable growth of the Ford Motor Company and the appointment of key leaders who will help us continue to make progress on our One Ford plan," Bill Ford said. "The strength of our people and stability of our team are competitive advantages for Ford. We are fortunate to have Alan's continued leadership as well as talented senior leaders throughout our company who are developing and working together and delivering on our plan."
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