Ford CEO Alan Mullaly reiterated at the company’s annual meeting in Delaware that he will continue leading the automaker through at least 2014.
“We’ve said at least through 2014, but I always listen to my chairman,” Mulally, 67, said today after the company’s annual meeting in Wilmington, Delaware. Executive Chairman Bill Ford joked with reporters: “I thought it was 2020? Or wasn’t it 2025? He’s got a long run.”
Mulally managed to bring Ford back to profitability without the government’s bailouts and bankruptcies as other automakers did, clearly pointing towards GM and Chrysler. Over the past four years the automaker earned $35.2 billion after it lost $30.1 billion from 2006 to 2008, as the CEO has aggressively added more competitive vehicles especially in the pickup and utility vehicle segments. In 2012 Ford named Mark Fields, 52, its CEO, as the front-runner to replace Mulally.
At the beginning of this year Mulally expressed his disappointment regarding the recalls which affected the company’s image. Ford’s top-selling SUV, the 2013 Escape has been recalled four times since it was introduced in May. The new Fusion sedan was recalled twice since it debuted in October 2012. Mulally said Ford learned from every one of the Escape recalls, which were caused by both technical and manufacturing issues.