The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Overnight

Lo63° Isolated Showers

Tuesday

Hi79° Isolated Thunderstorms

Tuesday Night

Lo62° Chance Showers

Wednesday

Hi76° Thunderstorms Likely

Wednesday Night

Lo59° Chance Thunderstorms

Thursday

Hi79° Mostly Sunny

Thursday Night

Lo59° Mostly Clear

Friday

Hi84° Sunny

Friday Night

Lo63° Mostly Clear

Saturday

Hi90° 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 optionsorSign in