/ 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!

Review – German GP 2014
Review – German GP 2014Taking Rosberg’s easy win out of the picture, the German GP was truly spectacular, full of wheel-to-wheel racing, some of the ...
2015 Hyundai Tucson gets launched in the U.S.
2015 Hyundai Tucson gets launched in the U.S.The 2015 Hyundai Tucson is now available in dealerships across the United States for a base price of 21,500 USD, without the 875 ...
2015 Smart ForTwo Brabus spied for the very first time
2015 Smart ForTwo Brabus spied for the very first timeOur spy photographers have managed to capture the brand new Smart ForTwo Brabus on camera for the very first time. Daimler’s ...
2015 Audi Q7 spied
2015 Audi Q7 spiedThe German based automaker Audi is currently developing an updated version of the Q7 which will make its way onto the market ...
Slightly updated Mercedes-Benz M-Class seed in the U.S.
Slightly updated Mercedes-Benz M-Class seed in the U.S.A modest facelift will soon be applied to the popular Mercedes-Benz M-Class as the test mule pictured below has been seen, with ...
Red Bull rivals ‘target’ Vettel – Marko
Red Bull rivals ‘target’ Vettel – MarkoJul.23 (GMM/Inautonews.com) McLaren and Mercedes have targeted Sebastian Vettel, the German magazine Sport Bild reported on ...
Facelifted Jaguar XJ spied
Facelifted Jaguar XJ spiedThe facelifted version of the Jaguar XJ is currently in development as the model should make its official debut by the end of ...
Honda NSX test mule gets spied
Honda NSX test mule gets spiedOur spy photographers have managed to provide us with new spy photos of the upcoming Honda NSX which has been recently caught on ...
US: auto journalists make record coast-to coast run in Tesla Model S
US: auto journalists make record coast-to coast run in Tesla Model SKudos to our fellow peers, which unassisted by Tesla, set out to prove electric cars can be fast, reliable and fun in a record ...
[VIDEO] Ferrari 458 Italia gets crashed in Latvia by drunk driver showing off
[VIDEO] Ferrari 458 Italia gets crashed in Latvia by drunk driver showing offThis impressive Ferrari 458 Italia will need some important servicing in order to return to its former glory after its driver, ...
Consumer Reports rates high Buick’s Regal
Consumer Reports rates high Buick’s RegalThe 2014 Buick Regal was considered by the highly influential magazine as the second-best pick in the premium sedan segment, just ...
Australian recall roundup: Holden VF Commodore and Holden WN Caprice
Australian recall roundup: Holden VF Commodore and Holden WN CapriceAustralia’s Holden car company has recently announced a recall for the VF Commodore and for the WN Caprice because of an ...
Matte Black Lamborghini Aventador gets crashed in Taiwan
Matte Black Lamborghini Aventador gets crashed in TaiwanAnother Lamborghini Aventador supercar has been recently crashed in Taiwan after its driver lost control of the wheel and met a ...
Recall roundup: Chrysler Group Durango and Grand Cherokee
Recall roundup: Chrysler Group Durango and Grand CherokeeChrysler has issued a new recall, this time for the Dodge Durango and for the Jeep Grand Cherokee, because of a problem with ...
US: study says convertible owners are educated and prosperous
US: study says convertible owners are educated and prosperousNew research conducted by Experian Automotive reveals that cabrio owners typically tend to be more educated and affluent than the ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 hyundai tucson 2
Smart Brabus 01
Audi Q7 01
Mercedes ML Facelift 03
Jaguar XJ Facelift 01
Honda NSX 01
lamborghini aventador crash taiwan 1
pagani huayra delivered new us united states miller motors 2014 1
2015 smart fortwo cabrio render 1
audi r8 fire london 1
2010 chevrolet camaro ss tuning dd customs 1
2015 ford f-150 1

More automotive from inautonews
Taking Rosberg’s easy win out of the picture, the German GP was truly spectacular, full of wheel-to-wheel racing, some of the overtakes backfiring against the initiator. Lewis Hamilton made an excellent recovery from 20th on the grid to the rostrum, but his performance should be seen in the ...
read more
Inautonews Editors Section
Review – German GP 2014
Review – German GP 2014Taking Rosberg’s easy win out of the picture, the German GP was truly spectacular, full of wheel-to-wheel racing, some of the overtakes backfiring ...
Britain and Germany go to war
Britain and Germany go to war1995, the German Grand Prix at the old Hockenheimring. Damon Hill leads at the end of lap one ahead of Schumacher but loses the car at the first ...
Racing tracks – sleeping pill or energy drink?
Racing tracks – sleeping pill or energy drink?The racing weekend took us across the whole world last weekend, with dull or spectacular racing being influenced not only by the quality of 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 Australian recall roundup: Holden VF Commodore and Holden WN CapriceAustralia’s Holden car company has recently announced a recall for the VF Commodore and for the ... Recall roundup: Chrysler Group Durango and Grand CherokeeChrysler has issued a new recall, this time for the Dodge Durango and for the Jeep Grand Cherokee, ...
Safety Section