The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo74° Slight Chc Showers

Saturday

Hi97° Slight Chc Thunderstorms

Saturday Night

Lo71° Slight Chc Thunderstorms

Sunday

Hi99° Hot

Sunday Night

Lo73° Partly Cloudy

Monday

Hi100° Hot

Monday Night

Lo72° Mostly Clear

Tuesday

Hi98° Hot

Tuesday Night

Lo70° Mostly Clear

Wednesday

Hi96° Hot

Ford’s Fields to replace Mulally as CEO July 1

Send to Kindle
Print This

DEARBORN, Mich. — Alan Mulally, the man who transformed Ford Motor Co. from a dysfunctional money-loser to a thriving company, will retire July 1 and be replaced by Mark Fields, the current chief operating officer.

During his eight-year tenure at Ford, Mulally gambled all of the company’s assets on a credit line that kept Ford out of bankruptcy, then used a simple “One Ford” plan to change the company’s culture. He was hired away from aircraft maker Boeing Co. in 2006 by Bill Ford, who at the time was running the company.

View my optionsorSign in