YesterdayAgain
Banned
Bill Ford just named former Boeing CEO Alan Mulally the new CEO for Ford Motor Company. Will post a link once I can find one!
Ford names new CEO
Struggling No. 2 automaker says Bill Ford Jr. will be succeeded as CEO by Alan Mulally, from Boeing.
September 5 2006: 4:36 PM EDT
NEW YORK (CNNMoney.com) -- Ford Motor Co. Tuesday surprised the auto industry by tapping senior Boeing executive Alan Mulally as its new chief executive officer, succeeding current CEO Bill Ford, who will stay on as chairman.
Mulally, 61, who heads Boeing's commercial airplane unit, will become president and CEO of Ford immediately as the struggling automaker gets set to unveil a huge overhaul of its North American auto operations.
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Bill Ford will remain chairman at the troubled automaker as Alan Mulally takes over as CEO.
Mulally was most recently executive vice president at Boeing (Charts).
Shares of Ford (Charts) rose about 1.5 percent on the New York Stock Exchange Tuesday and surged another 2 percent or so in after-hours trading.
The announcement came after the close of regular trading.
Ford said last month it was cutting production plans and said 10 North American plants will be shut for extended periods much of the rest of the year as it tries to cut costs and deal with slumping sales of its light trucks. (Full story).
lightning666 said:he better bring the lightning back
lightning666 said:he better bring the lightning back
harry gilbert said:He drives a Lexus.
Euphoric One said:Good, they can use that as a first hand example of the type of cars Ford needs to start building.