Mark Fields will take the keys to a Ford Motor Co. that is lean, profitable and a far cry from the near-bankrupt carmaker taken over in 2006 by his predecessor, Alan Mulally.
When Mark Fields took charge of Ford Motor Co.’s Americas operations nine years ago, it was a major repair job as they descended into record losses and almost dragged the company into bankruptcy.
Ford Motor Co. Chief Executive Officer Alan Mulally, presiding over his final annual meeting, said he has “no regrets” about his eight years leading the automaker’s turnaround and gave a vote of confidence to his successor.
Ford Motor Co.’s outgoing Chief Executive Officer Alan Mulally said he’ll continue to advise his successor, Mark Fields, and remain in touch with the company after he steps down next month.
"Can you imagine him in retirement?"
- Bill Ford on May 08, 2014
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