Thursday, September 07, 2006
Ford appoints new boss
The shake-up at Ford continues apace with Bill Ford stepping down as chief executive and being replaced by head of Boeing’s commercial aircraft division.
Alan Mulally is to take over Ford’s role, while the latter will remain on board as executive chairman.
The move is believed to have been prompted by shareholder unrest at the troubled manufacturer.
The appointment comes just weeks before Ford is due to unveil a radical plan aimed at reversing the current sales decline that is plaguing its vital North American market.
Mulally has led a major restructuring at Boeing and now faces similar difficult circumstances at Ford.
DATED: 07.09.06
FEED: MT
Alan Mulally is to take over Ford’s role, while the latter will remain on board as executive chairman.
The move is believed to have been prompted by shareholder unrest at the troubled manufacturer.
The appointment comes just weeks before Ford is due to unveil a radical plan aimed at reversing the current sales decline that is plaguing its vital North American market.
Mulally has led a major restructuring at Boeing and now faces similar difficult circumstances at Ford.
DATED: 07.09.06
FEED: MT
