/ Ford, Industry, News / Ford’s Mulally to move to Sears?

Ford’s Mulally to move to Sears?

Linked In Share
Ford’s Mulally to move to Sears?

According to people that have knowledge of the encounter, Ford’s soon to be retired CEO Alan Mulally had meetings with Sears Holdings Corp’s Eddie Lampert.

The Sears controlling shareholder is said to have met with Mulally sometime earlier this year, and according to the two sources he sought tips on how to spawn a turnaround for the troubled retailer. According to the two people, Lampert, who is a billionaire hedge fund manager, went to Ford’s headquarters either in February or March to see Mulally – although from now the account differs.

“I am glad to share the Ford story because there are a lot of lessons learned there,” said Mulally on CNBC television about a possible Sears move. “When I graduate on July 1st, I’m going to really think about where I am going to serve next.”

One of the persons said that Mulally was left with the impression that Lampert, currently serving as Sears’ chairman and CEO, was touting the chief executive position to the retiring manager, who would become available since July – and a move to another domain is highly plausible, as the No.2 US automaker for sure would impose on a clause of non-competing to Mulally. On the other hand, the second source said there was no search for a new Sears CEO and Mulally was not offered a job – with Lampert only seeking advice on the turnaround efforts and the process of building a feasible executive structure.

Via Reuters

by Aurel Niculescu (my Google+) - Monday, June 9th, 2014 - filed under Ford, Industry, News. Image credit: .
Linked In Share
Related Articles
ceo move mulally Sears


Discuss: Ford’s Mulally to move to Sears?

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!

Ford’s resurrected Lincoln Continental to target both the US and China
Ford’s resurrected Lincoln Continental to target both the US and ChinaFord, the second largest US automaker, is ready to revive its iconic Lincoln Continental nameplate, with the flagship premium ...
2016 Chevy Camaro gets detailed officially
2016 Chevy Camaro gets detailed officiallyChevrolet has recently announced some interesting details on the new generation of the Camaro, which should be unveiled on the ...
Honda S660 looks good in S1000 Type R rendering
Honda S660 looks good in S1000 Type R renderingThe first rendering with the recently unveiled Honda S660 is showing the newest Asian roadster in the S100 Type R version. Ever ...
US: study shows auto dealerships need improvements
US: study shows auto dealerships need improvementsThe latest research conducted in the US shows that both women and the upcoming power generation – the Millennials – are still ...
Mercedes C63 AMG goes on sale in the U.S.
Mercedes C63 AMG goes on sale in the U.S.Mercedes has officially announced the pricing list for the range-topping C63 AMG in the United States, as the model will go on ...
2016 GMC Terrain goes official
2016 GMC Terrain goes officialThe 2016 GMC Terrain will be making its public debut at the 2015 New York Auto Show but it has been recently unveiled over the ...
McLaren 570S officially unveiled
McLaren 570S officially unveiledThis is the baby-McLaren, the brand new 570S, the brand’s answer to the Porsche 911, which will be making its public debut at ...
Johan de Nysschen has $12 billion to reshape Cadillac
Johan de Nysschen has $12 billion to reshape CadillacThe executive in charge of resurrecting the General Motors luxury brand has a lot to do after the premium contender lost its edge ...
Luxury powerhouses rose on the back of SUVs, not limousines
Luxury powerhouses rose on the back of SUVs, not limousinesWhile many usually associate a premium automaker with a longer or shorter lineup of sedan-bodied limousines, the reality is that ...
Honda’s Canadian unit in charge of European CR-V production
Honda’s Canadian unit in charge of European CR-V productionThe third largest Japanese automaker, Honda Motor, recently announced that its Canadian division would be in charge of building ...
Report – Grupo Antolin could purchase Magna’s interiors division
Report – Grupo Antolin could purchase Magna’s interiors divisionAccording to sources that have knowledge of the plans, Bloomberg has reported that Magna International is negotiating with ...
Tesla shares up on confident tweets from Musk
Tesla shares up on confident tweets from MuskElon Musk, the billionaire entrepreneur and co-founder of Tesla Motors is a widely popular and followed social media personality, ...
Toyota leader says US recalls made a career turning point
Toyota leader says US recalls made a career turning pointAkio Toyoda, in a rare public moment of reflection on the past woes of the company he leads, said he wishes the ...
Report – Uber negotiating deal with Chinese carpooling application Dida
Report – Uber negotiating deal with Chinese carpooling application DidaIn a market dominated by two local powerhouses, Didi Dache and Kuaidi Dache, California-based Uber Technologies still believes it ...
Ferrari’s driver hierarchy already set – Fiorio
Ferrari’s driver hierarchy already set – FiorioMar.31 (GMM/Inautonews.com) Kimi Raikkonen is back. 2015 is a crucial year for the Finn, having declared his interest in racing ...
Read more automotive news


2015 Geneva Motor Show Coverage

2016 GMC Terrain 1
McLaren-570S-01Coupe
2016 audi a4 1
Honda S660 Concept Edition 1
bmw m4 coupe crash mechanic netherlands 1
mclaren mp4-12c crash train florida 1
mclaren 675lt spotted spain 1
Audi R8 V10 Plus Vegas Yellow 1
hyundai veloster prototype mid-engine 1
2016 Porsche Panamera Edition 1
Range Rover SVAutobiography 1
Lincoln Continental Concept 1

More automotive from inautonews
Ford, the second largest US automaker, is ready to revive its iconic Lincoln Continental nameplate, with the flagship premium sedan playing the classic name card to lift sales both at home and in China. Lincoln needs to completely rebuild its brand image in the US – the largest luxury auto ...
read more
Inautonews Editors Section
Test Drive – Mitsubishi ASX 2.2 Diesel AT Instyle 4WD
Test Drive – Mitsubishi ASX 2.2 Diesel AT Instyle 4WD The Mitsubishi ASX can be called just about anything except for “new” and this is the word we are looking for because the company seems to have ...
Test Drive – BMW 2-Series Active Tourer 218d
Test Drive – BMW 2-Series Active Tourer 218dIn an attempt to keep production costs low and to go ahead with its times, the 2-Series Active Tourer is the first vehicle made by BMW with a ...
Test Drive: BMW 225i Active Tourer
Test Drive: BMW 225i Active TourerOne word of advice from the very beginning – if you’re a BMW purist that believes the blue-white logo has nothing in common with front wheel ...

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: BMW X5 for airbag problemsBMW has recently issued a recall for the X5 full-sized SUV because of a problem with its ... Computers assist small SUVs in passing crash testsThe subcompact crossover segment is shaping up as the place to go for automakers even on the ...
Safety Section