Boeing executive Alan Mulally had been with Boeing more than 30 years and was just recently passed over for the CEO's job at Boeing. I don't blame him for moving to Ford. I am also glad to see Ford Jr. go, I think he has been a big problem. Here is the article:
"In a surprising move, Ford Motor Company chairman Bill Ford Jr. has stepped down as the company's chief executive, tapping former Boeing executive Alan Mulally to replace him.
The move comes shortly after Ford Jr. - great-grandson of company founder Henry Ford - outlined to the company's employees a three-point plan to solve FoMoCo's problems. Ford has lost $1.44 billion in the first half of 2006, and recently announced it has put its Aston Martin brand of high-end sports cars for sale.
Ford Jr. will stay involved with the company as executive chairman.
"One of the three strategic priorities that I've focused on this year is company leadership. While I knew that we were fortunate to have outstanding leaders driving our operations around the world, I also determined that our turnaround effort required the additional skills of an executive who has led a major manufacturing enterprise through such challenges before," Bill Ford wrote in an email to Ford employees today.
"That's why I'm very pleased to announce that Alan Mulally, who turned around the Commercial Airplanes division of The Boeing Company, will become our president and CEO, effective immediately. Alan has deep experience in customer satisfaction, manufacturing, supplier relations and labor relations, all of which have applications to the challenges of Ford. He also has the personality and team-building skills that will help guide our Company in the right direction.
"Clearly, the challenges Boeing faced in recent years have many parallels to our own," he concluded.
Mulally, 61, headed Boeing's commercial airplane unit and was one of the top candidates to become that company's CEO last year."
From Speedtv.com
"In a surprising move, Ford Motor Company chairman Bill Ford Jr. has stepped down as the company's chief executive, tapping former Boeing executive Alan Mulally to replace him.
The move comes shortly after Ford Jr. - great-grandson of company founder Henry Ford - outlined to the company's employees a three-point plan to solve FoMoCo's problems. Ford has lost $1.44 billion in the first half of 2006, and recently announced it has put its Aston Martin brand of high-end sports cars for sale.
Ford Jr. will stay involved with the company as executive chairman.
"One of the three strategic priorities that I've focused on this year is company leadership. While I knew that we were fortunate to have outstanding leaders driving our operations around the world, I also determined that our turnaround effort required the additional skills of an executive who has led a major manufacturing enterprise through such challenges before," Bill Ford wrote in an email to Ford employees today.
"That's why I'm very pleased to announce that Alan Mulally, who turned around the Commercial Airplanes division of The Boeing Company, will become our president and CEO, effective immediately. Alan has deep experience in customer satisfaction, manufacturing, supplier relations and labor relations, all of which have applications to the challenges of Ford. He also has the personality and team-building skills that will help guide our Company in the right direction.
"Clearly, the challenges Boeing faced in recent years have many parallels to our own," he concluded.
Mulally, 61, headed Boeing's commercial airplane unit and was one of the top candidates to become that company's CEO last year."
From Speedtv.com
