Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News

 

Ford's Mulally Stays Put; Will Automaker's CEO Handoff Now Go Smoothly?

Jan 7 2014, 6:06pm CST | by

10 Updates
Ford's Mulally Stays Put; Will Automaker's CEO Handoff Now Go Smoothly?
Photo Credit: Forbes
 
 

Comments

Full Story

Ford's Mulally Stays Put; Will Automaker's CEO Handoff Now Go Smoothly?

Ford Motor CEO Alan Mulally is staying put through at least the end of this year, the executive told The Associated Press in an interview. The move ends one hurdle for a no-drama CEO transition at the second-largest U.S. automaker.

Mulally told the news service that he’s not leaving Ford for Microsoft and wanted to end such speculation. He wouldn’t tell AP if had talked to Microsoft, which is searching for a successor to CEO Steve Ballmer. Mulally told AP such speculation had been a distraction for Ford.

“I have no other plans to do anything other than serve Ford,” Mulally said in the AP interview.

Mulally, 68, has been at Ford since September 2006. On his watch Ford revamped its product lineup with such models as the updated Ford Fusion sedan, returning the automaker to profitability after record losses. The last big task for Mulally was for a smooth handoff to a successor. But with numerous news stories that Mulally was in the running to succeed Ballmer, there was a lot of attention being paid to Mulally’s future.

Ford has had management succession controversies in the past, such as Henry Ford II firing Lee Iacocca in the 1970s and Chairman Bill Ford Jr. deposing CEO Jacques Nasser in 2001. Mulally’s accomplishments at Ford included cultural change to cut down on back biting and intrigue. A smooth transition from Mulally to a successor would be a sign that Ford was, indeed, a changed company.

Ford announced in November 2012 that Mark Fields was being elevated to chief operating officer from president of the Americas, making him the leading candidate to succeed Mulally. It was that announcement where Ford first said Mulally would serve through the end of 2014.

The Mulally-to-Microsoft storyline has now come to an end. Ford’s CEO handoff hasn’t yet happened. There’s another chapter to be written on how smooth the handoff is.

Source: Forbes

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update

Update: 10

4 Firms In Iskandar Malaysia Get Facilitation Fund Totalling RM16.2 Million

Source: Malaysia Today

(Bernama) – Four companies have received the facilitation fund amounting to RM16.2 million from TERAJU@Iskandar Malaysia in an information sharing programme on business opportunities and assistance f ...
Source: Malaysia Today   Full article at: Malaysia Today 6 days ago, 7:42am CDT
 


Advertisement


Update: 9

Selangor’s Watergate about to explode

Source: Malaysia Today

Anwar brought Wan Azmi to meet Khalid to try to resolve this matter. Anwar supports the RM2.5 billion claim but Khalid is stubbornly sticking to the figure of RM250 million ...
Source: Malaysia Today   Full article at: Malaysia Today Jul 23 2014, 4:12am CDT
 

More From the Web

Update: 8

GLCs told to provide RM7 billion to develop Bumiputera firms

Source: Malaysia Today

(The Malaysian Insider) – Putrajaya has directed government-linked companies (GLC) to generate RM7 billion in business opportunities for Bumiputera firms this year, Prime Minister Prime Minister Datuk Seri Naj ...
Source: Malaysia Today   Full article at: Malaysia Today Jul 17 2014, 2:05am CDT
 

Update: 7

Rafizi shows proof of Putrajaya’s hand in contentious carpet-trader loan

Source: Malaysia Today

Eileen Ng, The Malaysian Insider PKR lawmaker Rafizi Ramli today revealed documents to prove Putrajaya interfered in the RM32 million Bank Rakyat loan to ‎controversial businessman Deepak Jaikishan. Rafizi (pic). ...
Source: Malaysia Today   Full article at: Malaysia Today Jul 16 2014, 2:16am CDT
 

Update: 6

PAS MP claims Bank Rakyat loaned carpet-trader RM215m, interest free

Source: Malaysia Today

(Malay Mail Online) – Controversial businessman Deepak Jaikishan (pic) was given a whopping RM215 million interest-free loan from state-owned Bank Rakyat, a PAS lawmaker alleged today, despite Pu ...
Source: Malaysia Today   Full article at: Malaysia Today Jul 14 2014, 5:52am CDT
 

Update: 5

MRCB, Nusa Gapurna and PKNS settle suit over RM3 billion PJ Sentral project

Source: Malaysia Today

(The Malaysian Insider) – Malaysian Resources Corp Bhd (MRCB), Nusa Gapurna Development Sdn Bhd (NGD) and PKNS Holdings Sdn Bhd have reached an out-of-court settlement over th ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 21 2014, 2:53am CDT
 

Update: 4

Story behind Syed Mokhtar’s ‘RM2.25 billion tax-exempt’ Bernas deal revealed, says PKR MP

Source: Malaysia Today

(The Malaysian Insider) – An innocuous written reply in Parliament has provided a peek into the cosy relationship between the Najib administration and Malaysia’s best-known busin ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 15 2014, 12:56pm CDT
 

Update: 3

Constitutional monarchy still murky concept

Source: Malaysia Today

After the RM4.5 billion land sale, the Sultan of Johor secured a 15% stake in MOL Access Portal (MOL) for RM396 million and took a 20% stake in Berjaya Tim ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 14 2014, 12:37am CDT
 

Update: 2

Sultan of Johor’s RM4.5 bil backlash?

Source: Malaysia Today

Has Sultan Ibrahim of Johor’s succession of big money deals over the last six months caused the tide of public opinion to turn against Johor’s royal palace? KiniBiz examines the... READ MORE ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 11 2014, 8:49am CDT
 

Update: 1

Putrajaya denies carpet dealer given interest-free loan

Source: Malaysia Today

Eileen Ng, The Malaysian Insider Putrajaya today refuted allegations that Bank Rakyat had allowed carpet dealer Deepak Jaikishan to repay a RM32 million loan without interest following interv ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 11 2014, 5:44am CDT
 

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

Neil Patrick Harris works with LG Electronics on Art Competition
Neil Patrick Harris works with LG Electronics on Art Competition
Emmy and Tony Award-winning actor, producer, director and modern art enthusiast Neil Patrick Harris is teaming up with LG Electronics USA for a digital Art Competition.
 
 
Miranda Kerr is Topless in new Commercial
Miranda Kerr is Topless in new Commercial
Australian model Miranda Kerr goes topless for new Jeans commercial. Watch below.
 
 
Tara Reid Survived Sharknado 2 with Sawhand
Tara Reid Survived Sharknado 2 with Sawhand
The #Sharknado2TheSecondOne movie aired Wednesday night. It as not as big on Twitter as the first one.
 
 
Kate Upton does not Get a Puppy says Verlander's Dog
Kate Upton's plea for a puppy got voted down by Justin Verlander's dog. See the photo below.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.