Ford Hires Mark Fields as new President and CEO

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The Ford Motor Co. announced today that Mark Fields has been named new chief executive officer and president, replacing retiring CEO Alan Mulally.

Fields, 53, served as Ford’s COO since 2012. He currently works in global business operations, product development, manufacturing. purchasing, and marketing, sales and services. Fields was also credited with leading the transformation of Ford’s North American business. Ford has recorded record profits in each of the last four years.

Mulally will retire July 1. You cannot emphasize his importance to the Ford brand this past decade enough.

Mulally has led Ford’s transformation and strengthened its position as one of the world’s leading global automakers. Under Mulally and the company’s One Ford plan for profitable growth, Ford has achieved 19 consecutive quarters of profitability, developed the strongest product lineup in Ford’s history and embarked upon the company’s most ambitious global expansion in the past half century.

“Alan deservedly will be long remembered for engineering one of the most successful business turnarounds in history,” Bill Ford said. “Under Alan’s leadership, Ford not only survived the global economic crisis, it emerged as one of the world’s strongest auto companies. We always will be grateful to Alan for his leadership, compelling vision and for fostering a culture of working together that will serve our company for decades to come.”

Mulally thanked the Ford team for their many contributions and accomplishments.

“It has been an honor to serve and contribute to creating a viable, profitably growing company for the good of everyone associated with the Ford Motor Company,” Mulally said. “By working together with all of our stakeholders around the world, we now are accelerating Henry Ford’s original vision to open the highways to all mankind.

“Ford’s future is so bright, and Mark – supported by an experienced and dedicated senior leadership team – is absolutely the right leader to continue to deliver on our compelling vision,” Mulally added.

When you think about how Ford has rose back to the top the industry, it’s pretty remarkable. Just look at the current Ford lineup, with the incredible Ford Focus, Ford Fusion and Ford Escape, and the all-new 2015 Ford F-150 and 2015 Ford Mustang, the industry is just now catching up to Ford’s innovative styling and technology.

George Waikem Ford congratulates Alan Mulally and thanks him for a remarkable run with the Ford brand. See the lineup for yourself, and see why so many of your friends are going back to the Blue Oval.

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