Monday, February 27, 2012

Ford CEO Mulally shines in the midst of Executive shakeup

By Paul A. Eisenstein, the Detroit Bureau

Two of the most senior and respected members of the Executive Board by Ford Motor Company will withdraw the automaker announced on Thursday morning. But CEO Alan Mulally said that he himself has "no plans to retire", and insisted that shake-up no measurable effect on the way have the Executive, as the Detroit manufacturer works.

But Mulally, 65, has made clear that he is the next generation of Ford Manager, including the Executive, the him ultimately success.

This announcements morning include a number of senior members of the Ford management - but sees a new name of the group, the company's Board of Directors election Jon Huntsman, the former Republican presidential candidate, in his ranks.

"Jon understands the importance of strengthening that country's production, which contributes to our success, future", said Ford Chairman Bill Ford.

But the other changes will be immediately noticeable. Gradually down Derrick Kuzak, the veteran engineer who oversaw Ford's shift from a regional to a global development strategy; and booth of Lewis, chief financial officer, financial turnaround at an economic downturn lead dramatic industry maker's, which saw its two domestic competitors bankruptcy helped.

To date, 63, will be was succeeded by Robert Shanks, 59, currently Ford's Vice President and controller, with 34 years of experience with the second largest of the Detroit automakers.

Subsequent Kuzak are 60, Director of global product development Raj Nair, who has treated a wide range of technical tasks at Ford in the last quarter century, recently serving as the Chief Engineer for global product development.

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The move to global, came instead of regional product development, perhaps the most important element in the plan, that a former Boeing was by the Ford team since Mulally, Executive, end of 2006.  Mulally is central to a Ford strategy, it resulted in the total number of products, platforms and drives the automaker a drastic reduction developed.  Instead, vehicles such as the new 2013 Ford Fusion - with relatively minor change - in the markets all over the world, significantly reduces cost and complexity sold.

While Kuzak and the State CEO Mulally stressed changes "The Ford plan is absolutely clear and unchanged" in the course of the planned senior were crucial for the development and the transition to the approach of a Ford.

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He was one of the most important steps shortly after the accession of Ford, Mulally said, was to ensure that a traditionally competitive management system - where executives had to always to her job sure - moved a cooperative approach was. However, he added, has talent to draw Ford "a deep bench" of developed.

Raised the question of his own retirement. Although still boyish Mulally turned 65 last year, he remains active and alive and has repeatedly declared that he sees no need to go further. He repeated that on Thursday during a conference call media claim it has "no plans to retire" anytime soon.

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Yet he must Mulally acknowledged, eventually with the hand on the reins, which suggests that "Ford a robust succession at every location is absolutely committed."

In the ongoing speculation of a selected group of names on routinely Mulally, could succeed in finally appears again. But with his upcoming retirement status is now from the list.  Among others seem the strongest candidates, mark fields, Ford of President of America, and Joe Hinrichs, who serves as President of the Asian and African operations.

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Observers tend to the fields give the better chances, partly because Hinrichs today as young, 45, for the CEO-point applies, and has not quite as much experience as the 50-year-old fields.

Of course there is again the possibility that the Ford outside could reach how it for Mulally, although Act and Chairman Bill Ford has both the CEO the desire expressed, next to pull the head from internal ranks, if possible.

The management shake up announced that Thursday sees several other prestigious executives move the career ladder.  Hau Thai-Tang manages Nair as top global engineer of the manufacturer.  And Stuart Rowley, currently Ford CFO for Europe, steps in Shanks job as controller.

Chief financial officer of Ford, which will Lewis booth, and global product Chief Derrick Kuzak, retire, reports CNBC's Phil Lebeau.

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