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?
“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.”