Alan Mulally, Ford’s CEO, declared he has no timetable for retirement.
“It’s been really fun for the two of us to work together and I for one would like to see it continue for some time. We’ve said 2025, maybe it should be 2030,” Ford joked to reporters today. That would be quite a challenge taking into consideration that Mulally will turn 80 in 2025.
Mulally, 66, gave Ford a turnaround by cutting costs, improving quality, globalizing operations, and expanding the lineup with fuel efficient model. After $30.1 billion in losses between 2006 and 2008, he earned $29.5 billion in the last three years.
“It’s tough to replace a guy like Alan Mulally, that’s the worry,” McGinn said. “Nobody coming in is going to be the manager that he is. But they also won’t be facing the company he did when he came in.”
No certain information was given on when he will retire or who will replace him, but rumors say that Mark Fields, Ford’s president of the Americas, would be the possible candidate to succeed Mulally, who joined Dearborn, Michigan-based Ford in 2006.