Ford CEO Alan Mulally has been judged by a jury of his peers – and declared “2011 Chief Executive of the Year.”
Credited with guiding the second-largest of Detroit’s hometown makers to an unexpectedly strong turnaround since joining the company in autumn 2006, Mulally was honored by CEO Magazine, which collected nominations from its 147,000 readers. The former Boeing executive joins an elite group that previously included former Microsoft boss Bill Gates, GE’s Jack Welch and Southwest Airlines’ Herb Kelleher.
“The success he showed in the face of incredible difficulty was just extraordinary,” said James Turley, a member of the award selection committee and himself chairman and CEO of Ernst & Young. “The foresight,” Turley added, “showed.”
Other members of the committee included chief executives from companies including Office Depot and MetLife.