- Apr 19, 2004
Bill Ford has stepped down as CEO of Ford( he is still chairman) and Alan Mulally from Boeing replaced him.
http://www.marketwatch.com/News/Story/5gvbCdFgCpM1WzVg2FTXVFQ?siteid=mktw&dateid=38965.6739150232-881233290&dist=RNPullDownBill Ford, great-grandson of founder Henry Ford, will stay on as executive chairman of Dearborn, Mich.-based Ford. Mulally relinquishes his position as the head of the commercial planes division at Boeing.
The Kansas native spent 37 years at the aerospace giant, where he's credited for reviving its commercial airline business.
A top contender last year to head Boeing, the job went instead to outsider James McNerney, who was lured away from 3M (MMM :
Over the weekend, Ford hinted at the announcement by telling Newsweek he would consider stepping aside if the right person to replace him were available. Previously, Ford had courted Renault-Nissan CEO Carlos Ghosn, a move rendered moot by Mulally's appointment.
In a conference call, Ford vowed to remain actively involved with the business, of which his family still holds a 40% voting stake.
"This is only going to work if Alan and I are on the same page," he said. "This is a partnership. We'll be working very closely on all these issues.