The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Overnight

Lo36° Showers Likely

Friday

Hi49° Showers Likely

Friday Night

Lo32° Slight Chc Showers

Saturday

Hi49° Becoming Sunny

Saturday Night

Lo27° Clear

Sunday

Hi48° Sunny

Sunday Night

Lo31° Mostly Cloudy

Monday

Hi47° Slight Chc Rain/Snow

Monday Night

Lo22° Slight Chc Snow

Tuesday

Hi41° Sunny

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 options or Sign in