Tuesday, December 20, 2011

Search successor Ford CEO Mulally

DETROIT - Ford Motor Co has started considering successor to Alan Mulally, Chief Executive credited with turning around the No. 2 U.S. automaker over the past five years, for a person with knowledge of the matter.

Ford executives mark fields, Jim Farley, and Joe Hinrichs were internal candidates seen as Mulally successfully, if he retires. Executive Chairman Bill Ford has repeatedly stated that he wants to be the next CEO of Ford executive ranks.

Earlier this month, Ford said executives met with Phil Martens, Chief Executive of aluminum products manufacturer of Novelis, as part of a process of early-stage-the view of external options, the source, which are called, because the process is private and provisional declined. Novelis is the U.S. India's largest aluminium producer HindalCo Industries Ltd.

Ford spokeswoman Karen Hampton said that Ford does not have a search for descendants Mulally.

Martens fell to each meeting, saying: "I am sure that Ford Motor Company will do what is best for Ford."

Mulally identify the successor is crucial for Ford, as the 66-year-old Executive so closely with the success of the company and the prevention of the Federal Republic of rescue operations, leading U.S. saved is identified.

Mulally joined 2006 by plane manufacturer Boeing at Ford and has control of the automaker back from the brink of bankruptcy with $23 billion in bonds and a plan to simplify German "A Ford," and unify credited product development and delivery.

The Wall Street Journal, which first informed the CEO search, cited unnamed sources say Mulally was expected, that period of two years in retirement. Bill Ford said that he wants Mulally on the labour market to stay as long as he is ready.

The newspaper identified also Hyundai Motor Co North American Chief John Krafcik as an external candidate. Krafcik could not be reached to comment.

Martens and Krafcik worked previously at Ford.

"It is not true," Mulally said question of Fox News on Tuesday morning, when he was abandoned. "But I can understand people, which after Ford closely, because it is so important and its success the United States is so important."

The Ford Board has given were long-term succession planning for the post-Mulallay era for several years as part of its normal review, senior executives, including Bill Ford said.

In 2006, Ford was desperate to an outsider to take over the automaker then fight to find been DaimlerChrysler Dieter Zetsche and Nissan's Carlos Ghosn reach. Bill Ford, who resigned as CEO to accommodate Mulally, although swore, that experience in the future to avoid the building a deep Bank executives from the successor is to be drawn.

Fields, 50, head of the Ford is operations in North and South America; Farley, 49, is global marketing manager of the company; and Hinrichs, 44, head of the Ford operations in Asia and Africa, including China and India.

Ford Chief Financial Officer Lewis booth, 63, also has Mulally, as a potential successor to been seen, although his age with could leave a shorter term than other candidates him.

Copyright 2011 Thomson Reuters.

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