CEO of Ford resigns

May 6, 2014 at 8:29 pm

According to Bloomberg, the president and CEO of the American car giant Ford Alan Mulally will retire during 2014. His post is supposed to take Mark Fields, currently the Chief Operating Officer, ITAR-TASS reported. His appointment may be announced as early as May 1.

Ford Company photo

Ford Company photo


Alan Mulally became CEO of the group in 2006, when Ford experienced considerable financial difficulties. He led the company during the 2008 financial crisis. Thanks to the leadership Mulally, auto giant not only overcome all difficulties, but again became profitable.

Alan Mulally Pic

Alan Mulally Pic

Net profit Ford in 2013 was 7.16 billion dollars, its shares rose 19 percent. Particularly successful company operated in the Chinese market. In February 2014 China has sold 73,000 cars Ford – 67 percent more than the same period in 2013.

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