Ford board OK with Mulally stepping down earlier
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Ford board OK with Mulally stepping down earlier
http://www.autoblog.com/2013/09/06/f...-down-earlier/
Ford's board is open to CEO Alan Mulally stepping down before his planned departure in 2014. Ford's plan of succession, aside from who would be his actual successor, has been something approaching common knowledge – the 68-year-old former Boeing exec had plans to stay through 2014. This was recently confirmed by Mulally himself on Bloomberg Television.
Motivation for the about-face comes from what Reuters calls a "growing confidence" in the current crop of Ford execs, led by Mark Fields. Normally, Ford's board saying they're open to an executive, that's done very well for the company, stepping down early would be nearly unremarkable. It's the timing of this announcement, though, that makes this a big piece of news.
Ford's board is open to CEO Alan Mulally stepping down before his planned departure in 2014. Ford's plan of succession, aside from who would be his actual successor, has been something approaching common knowledge – the 68-year-old former Boeing exec had plans to stay through 2014. This was recently confirmed by Mulally himself on Bloomberg Television.
Motivation for the about-face comes from what Reuters calls a "growing confidence" in the current crop of Ford execs, led by Mark Fields. Normally, Ford's board saying they're open to an executive, that's done very well for the company, stepping down early would be nearly unremarkable. It's the timing of this announcement, though, that makes this a big piece of news.
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