Ford to replace Mulally in two years? image

Ford Motor Co. has launched a wide search to replace its current CEO Alan Mulally, who is expected to leave the automaker within two years, the Wall Street Journal reports.

Alan Roger Mulally, 66, joined Ford in September 2006. Prior to joining Ford in September 2006, Mulally served as executive vice president of The Boeing Company, and president and chief executive officer of Boeing Commercial Airplanes.

Mulally also was a member of the Boeing Executive Council and served as Boeing’s senior executive in the Pacific Northwest.

The Wall Street Journal reports that the internal candidates are Mark Fields 50, and Joe Hinrichs, 45, the chief of Asian operations.

External candidates include John Krafcik, CEO of Hyundai Motor Co.’s North American arm and Phil Martens, CEO of Novelis Inc., an aluminum products company.

In addition, Automotive News recently reported that Ford CFO Lewis Booth, 63, and Jim Farley, 49, group vice president of global marketing, sales and service, are also candidates.

However, a Ford Motor Co. told the Wall Street Journal there is no search underway. But the big question still remains: When will Mulally actually retire, and how will Ford handle the transition?

Mulally turned a vigorous 66 in August and neither he nor executive chairman Bill Ford has given any hints when he will step down.