Chief Executive Officer (CEO) of Ford Motor Co Alan Mulally announced to retire on 1 July 2014. The announcement came on 1 May 2014.
Current Chief Operating Officer of Ford motor Co Mark Fields will take over the charge as CEO from 1 July 2014.
Alan Mullay had joined the company in 2006. Earlier, he worked with Boeing Co. Alan Mulally is credited with transforming the No. 2 U.S. automaker from a money-loser to a company that expects to realize a pretax profit of up to 8 billion US dollar in 2014.
About Ford Motor Co
The Ford Motor Company is an American multinational automaker headquartered in Michigan, USA. It was founded by Henry Ford and incorporated in June 1903.
The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand.
Ford is the second-largest U.S.-based automaker and the fifth-largest in the world.
What: announced to retire
When: 1 May 2014