The Traderszone Network

Published in TZ Latest News 1 May, 2014 by The TZ Newswire Staff

Mulally to hand over Ford CEO job earlier than expected

Ford Motor Co on Thursday made official what investors and analysts had been waiting for – Chief Executive Alan Mulally this summer will pass the baton of leadership to Chief Operating Officer Mark Fields, six months earlier than expected. The 68-year-old Mulally is credited with transforming the No. 2 U.S. automaker from a money-loser to a company that expects to realize a pretax profit of up to $8 billion this year after joining in 2006 from Boeing Co. Ford’s CEO change takes effect on July 1.