/ Ford, Industry, News / Ford’s future CEO, Mark Fields, is ready to fill Mulally’s “big shoes”

Ford’s future CEO, Mark Fields, is ready to fill Mulally’s “big shoes”

Linked In Share
Ford’s future CEO, Mark Fields, is ready to fill Mulally’s “big shoes”

The announcement that Alan Mulally is stepping down from the CEO function at Ford earlier than programmed was no surprise, as the same can be said about who’s next in line.

Alan Mulally, the 68 year old executive that came from Boeing in 2006 is no doubt a Ford legend now – managing to avert the financial meltdown of 2008 which brought General Motors and Chrysler into bankruptcy.

But it’s time we focus on Mark Fields now, the slick, tailored suited, Harvard MBA alumni that was fast rising among Ford’s executives to claim the top job. For years, many analysts and industry observers detracted him, as he climbed up the management ladder.

But now, even Executive Chairman Bill Ford Jr. acknowledged it’s the best pick for the company. He noted the tough assignments he had, including fixing Mazda (which is doing very well now) or restoring the North American profits in a period of incredible economic turmoil.

“Every job Mark’s done he’s done very well,” said Ford. “He grew and rose to every challenge, and he became a battle-tested executive through it all. Even some of his early doubters and detractors came around with great respect for the job he did.”

“You learn from your experiences,” says the 53-year-old Fields. “I spend a lot of time on self-reflection. Sometimes it’s hard, you know. Someone says something, and you’re like, ‘That’s not me!’ So you can discard it, or your can reflect on it, and think, ‘How can I be a better leader?’”

Fields came to widespread attention in 1999 when he became president of Japan’s money-losing Mazda Motors. He was 38, born in Brooklyn, with an economics degree from Rutgers and a Harvard MBA. By 2001 the company was again profitable. He moved in 2002 to head Ford’s then Premier Automotive Group, a $12 billion acquisition of Aston Martin, Jaguar, Land Rover and Volvo. While the US automaker finally acknowledged defeat and sold the brands at a very big loss, he managed to temporarily bring the money losing Ford of Europe back on track.

Then, in 2005 he was summoned back at HQ and given the gargantuan task of returning to profit the North American unit – he asked for total autonomy and came up with the “Way Forward” plan. In 2006 Mulally came and was won over by Fields, with his initial CEO order to accelerate it. In just a few short years Fields managed to transform the home unit from Ford’s biggest money-loser into the exact opposite.

by Aurel Niculescu (my Google+) - Friday, May 2nd, 2014 - filed under Ford, Industry, News. Image credit: .
Linked In Share
Related Articles
ceo Fields Ford mulally us


Discuss: Ford’s future CEO, Mark Fields, is ready to fill Mulally’s “big shoes”

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Nurburgring loses 2015 German grand prix
Nurburgring loses 2015 German grand prixJan.15 (GMM/Inautonews.com) The Nurburgring has lost its round of the 2015 world championship, Germany's Bild newspaper reported ...
Kia Cee’d facelift spied in a premiere
Kia Cee’d facelift spied in a premiereThe first spy shots with the updated version of the Kia Cee’d have been taken and they are revealing the model in a cold ...
New-gen Hyundai Elantra spied
New-gen Hyundai Elantra spiedFresh spy shots are revealing the future generation of the Hyundai Elantra playing in the snow. The South Korean based automaker ...
2016 BMW 7-Series gets fresh spy shots
2016 BMW 7-Series gets fresh spy shotsThe new generation of the BMW 7-Series has been spotted once again and this time we can see it without the plastic panels which ...
Honda Civic Type R spied near the Arctic Circle
Honda Civic Type R spied near the Arctic CircleHonda is currently testing out its hot version of the new Civic generation, the Type R, which has been caught on camera by our ...
Spied – BMW M2 Coupe
Spied – BMW M2 CoupeThe highly anticipated BMW M2 Coupe has been caught on camera by our spy photographers while it was being tested out. The ...
[VIDEO] 2016 Audi Q7’s infotainment system in action
[VIDEO] 2016 Audi Q7’s infotainment system in actionA recent video uploaded onto the web is showing the infotainment system of the new Audi Q7 generation in action. If you are a ...
Land Rover Discovery Sport arrives in Australia
Land Rover Discovery Sport arrives in AustraliaThe successor of the Freelander, the Land Rover Discovery Sport, is getting ready to arrive in a new market, Australia, starting ...
Large photo gallery of the Skoda Fabia Combi released
Large photo gallery of the Skoda Fabia Combi releasedNew images with the 2016 Skoda Fabia Combi have been recently released by the Czech based automaker as the model will be launched ...
[VIDEO] Lamborghini Huracan vs. McLaren MP4-12C drag race
[VIDEO] Lamborghini Huracan vs. McLaren MP4-12C drag raceA video depicting a drag race between the Lamborghini Huracan and the McLaren MP4-12C has recently hit the web and it is showing ...
Volvo Trucks secure Ad of the Year award
Volvo Trucks secure Ad of the Year awardThere’s no doubt why Volvo Trucks creative team got the Auto Ad of the Year honor – only if you were on a trip to Mars you ...
Buick Cascada to be produced in Poland
Buick Cascada to be produced in PolandBuick will be assembling the brand new Cascada drop-top at the Poland facility and the model will be eventually offered in ...
FCA CEO says Jeep sales target now stands at 1.9 million by 2018
FCA CEO says Jeep sales target now stands at 1.9 million by 2018Sergio Marchionne, the chief executive of Fiat Chrysler Automobiles and chairman of Ferrari SpA has been one of the most vocal ...
[VIDEO] 2017 Ford GT starts up and revs engine
[VIDEO] 2017 Ford GT starts up and revs engineThe brand new 2017 Ford GT is showing us its engine start and some revving in a brand new video taken at the 2015 NAIAS, in ...
BMW M5 with AWD hinted
BMW M5 with AWD hintedA production version of the next generation BMW M5 should be offered with the xDrive all-wheel drive system, according to a ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Spy-Photo
Spy-Photo
Spy-Photo
Spy-Photo
Spy-Photo
Skoda-Fabia-Combi-1
Geiger Cars updates the Jeep Wrangler 1
2016 opel adam 1
ferrari f355 gts 1
ssangyong tivoli 1
Spy-Shots of Cars
Spy-Photo

More automotive from inautonews
The first spy shots with the updated version of the Kia Cee’d have been taken and they are revealing the model in a cold environment. After being officially unveiled three years ago, at the Geneva Motor Show, the current generation of the Kia Cee’d is getting ready to be revamped as the model ...
read more
Inautonews Editors Section
BMW X6 M versus Mercedes-AMG GLE 63 Coupe
BMW X6 M versus Mercedes-AMG GLE 63 CoupeHere’s one battle for the ages – the utterly mobster-friendly BMW X6 SAC and Mercedes-Benz GLE Coupe have their own M and AMG versions. That ...
US and Japanese brands line up for Detroit’s NAIAS
US and Japanese brands line up for Detroit’s NAIASYesterday we discussed a little bit about the novelties that European – and especially German – brands have to offer during the first big auto ...
US: 2015 comes with numerous auto expectations
US: 2015 comes with numerous auto expectationsThe year 2014 has been retired, with numerous good news and maybe even more bad news. So, let’s take a look at what we reckon is in store for the ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Subaru vehicles for corroding brake linesSubaru of America has issued a recall for several vehicles because of a problem with the corroding ... New NHTSA boss warns recalls might surpass 2014 recordAccording to Mark Rosekind, the new boss of the US National Highway Traffic Safety Administration, ...
Safety Section