Ford sets out succession plan
Ford has shuffled its management team, promoting longtime executive Mark Fields to chief operating officer, and said its chief executive officer, Alan Mulally, would stay on through 2014.
As COO, Fields will be responsible for all business operations, while Mulally will continue to develop his "One Ford" strategy.
"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," Executive Chairman Bill Ford said in a statement.
Joe Hinrichs, who currently leads Ford's operations in Asia and Africa, will take Fields' former role as head of the Americas. Fields was named to this position in October 2005.
Ford's board in recent months has been considering plans for potential successors to Mulally, 67, with Fields widely considered the front runner. The move to promote Fields to COO was widely seen as a way to groom him for the eventual CEO role.
"Climate change in Antarctica is leading to interest in extracting the region's natural resources, but there's the small matter of a treaty."
- Job Centre goes digital
- Google acquires Oxford AI start-ups for DeepMind project
- Queen opens Information Age exhibition at Science Museum
- Promising oil-field discovered in North Sea
- China's lunar return probe carries European radio experiment
- Spanish city tests acoustic sensors in EU future internet project
- What to Specialise in Electronics Engineering?? [03:02 am 03/04/14]
- Britain to have just one remaining coal pit by the end of 2015 [01:11 am 03/04/14]
- LV Generator Star point earthing - UK [08:35 pm 02/04/14]
- East West Rail - the Oxford to Bedford route [07:33 pm 02/04/14]
- Small nuclear power [06:06 pm 02/04/14]
The essential source of engineering products and suppliers.
Tune into our latest podcast