The Ford Motor Company today announced a series of restructurings to its managing team of men with many titles. The biggest story within the story is that Ford has confirmed its charismatic president and Chief Executive Officer, Alan Mulally, will continue to serve in his current role through at least 2014, ending months of speculation that he would retire. The staying-on will allow Mulally to complete his vision for Ford’s “One Ford” approach to profitable growth (and global domination).
Beneath Mulally, though, is where the real musical chairs game begins. Perhaps the biggest surprise is that, effective December 1, Mark Fields will become Ford’s Chief Operating Officer, a move many in the industry see as being anointed Mulally’s heir-apparent. The 51-year old joined Ford in 1989 and has served as executive vice president and president of Ford of The Americas since October 2005. Fields’ promotion is joined by five other senior managerial promotions of various executive and group vice presidencies.
“Today marks an important next step in the profitable growth of the Ford Motor Company and the appointment of key leaders who will help us continue to make progress on our One Ford plan,” said Ford Executive Chairman, Bill Ford. “The strength of our people and stability of our team are competitive advantages for Ford. We are fortunate to have Alan’s continued leadership as well as talented senior leaders throughout our company who are developing and working together and delivering on our plan.”