Just two days after a magazine interview where he suggested he would be open to someone replacing him as CEO, Bill Ford Jr. announced today he will be replaced by former Boeing executive as CEO of the Ford Motor Company.
Alan 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.
Ford has gone through major restructuring in the past year, gaining immense criticism from employees who view the massive layoffs and plant closures as a slap in the face to their decades of commitment to the company. However we have to commend Bill Ford Jr. for not overlooking his own job and performance as part of the restructuring.
Bill Ford Jr., the great-grandson of Henry Ford, will remain as the executive chairman.
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