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Posts Tagged ‘mulally retirement’

No Exit? Mulally Not Ready to Leave

But is lack of timetable actually hurting maker?

by on May.11, 2012

CEO Alan Mulally and Chairman Bill Ford at Ford's 2012 shareholders meeting.

It is the question that won’t seem to go away – even if Alan Mulally insists he isn’t planning to leave anytime soon.

During the maker’s annual shareholders meeting and during a subsequent Q&A session with reporters the topic of Ford Motor Co.’s succession plan was again the hot topic.  And, once again, the CEO insisted he is not counting the days until retirement.

While that may be good news for many folks who believe Mulally is the best man to keep the company on track, might his reluctance to set a timetable and name a successor be working against Ford, particularly in its bid to drive up its stock price?

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“We have a robust succession plan for every member of the team,” said the 66-year-old Mulally, echoing comments he has made, seemingly ad nauseum, over the last several years.

Ford Chairman Bill Ford Jr. tried to deflect the latest round of questioning with a little humor.  As to when the company would be willing to let Mulally stay on, he responded, “Well, we said 2025, maybe 2030.”


Kuzak, Booth Stepping Down at Ford but Mulally Says “No Plans to Retire.”

Shake-up to have no impact on One Ford strategy.

by on Feb.09, 2012

Ford's Derrick Kuzak oversaw the unusual step of announcing a joint venture with Toyota -- whose Takeshi Uchiyamada is shown here.

Two of the most senior and respected members of the Ford Motor Co. management team will retire, the maker announced this morning, but CEO Alan Mulally stressed that he himself has “no plans to retire,” and insisted the executive shake-up will have no measurable impact on the way the Detroit maker operates.

Nonetheless, the 65-year-old Mulally made it clear that he is quietly grooming the next generation of Ford managers, including the executive who will eventually succeed him.

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This morning’s announcements involve a number of senior members of Ford’s management – but also sees a new name join the group, the company’s Board of Directors electing former Republican Presidential candidate Jon Huntsman to their ranks.