Fields, the new bossman at Ford Motor Company is an extremely experienced man
who has in the past transformed several of Ford’s operations around the
world into much stronger businesses during his 25 years at Ford.
was stated by Alan Mulally, the current President and CEO of Ford who will retire
on July 1, 2014. Fields takes over as the new CEO on the same day. Mulally has
been successfully leading the company’s One Ford global transformation since
53, was named Ford’s chief operating officer in December 2012. He has been
leading all of Ford’s global business operations and most skill teams,
including product development, manufacturing, purchasing, and marketing, sales
and service. Fields underscored his commitment to the One Ford plan, including
building on the company’s unprecedented global introduction of new products,
innovations and excellence.
a press statement, the company said the Mark Fields will be named Ford
president and chief executive officer and elected as a member of the company’s
board of directors.
the first day we discussed Ford’s transformation eight years ago, Alan and I
agreed that developing the next generation of leaders and ensuring an orderly
CEO succession were among our highest priorities,” Executive Chairman Bill Ford
has transformed several of our operations around the world into much stronger
businesses during his 25 years at Ford. Now, Mark is ready to lead our company
into the future as CEO,” he added
68, is retiring after nearly eight years leading Ford and capping a remarkable
45-year career. Mulally has led Ford’s transformation and strengthened its
position as one of the world’s leading global automakers. Under Mulally and the
company’s One Ford plan for profitable growth, Ford has achieved 19 consecutive
quarters of profitability, developed the strongest product lineup in Ford’s
history and embarked upon the company’s most ambitious global expansion in the
past half century.
deservedly will be long remembered for engineering one of the most successful
business turnarounds in history,” Bill Ford said, adding, “Under Alan’s
leadership, Ford not only survived the global economic crisis, it emerged as
one of the world’s strongest auto companies. We always will be grateful to Alan
for his leadership, compelling vision and for fostering a culture of working
together that will serve our company for decades to come.”
transition in July is approximately six months earlier than previously
anticipated, following Mulally’s recommendation to accelerate the timetable
based on the readiness of Ford’s leadership team. “Alan and I feel strongly
that Mark and the entire leadership team are absolutely ready to lead Ford
forward, and now is the time to begin the transition,” said Bill Ford, who
recruited Mulally from Boeing in 2006.
serving as COO, Fields served as executive vice president and president – The
Americas since October 2005. There, he led the transformation of Ford’s North
American business – turning it from record losses several years ago to record
profits in each of the last four years. Earlier, Fields guided the product-led
transformation of Ford’s European operations and formerly held European luxury
brands, as well as the relaunch of Ford’s independent operations in Argentina
and a major restructuring and product renaissance at Mazda.
thanked the Ford team for their many contributions and accomplishments.
has been an honour to serve and contribute to creating a viable, profitably
growing company for the good of everyone associated with the Ford Motor
Company,” Mulally said. “By working together with all of our stakeholders
around the world, we now are accelerating Henry Ford’s original vision to open
the highways to all mankind.
future is so bright, and Mark – supported by an experienced and dedicated
senior leadership team – is absolutely the right leader to continue to deliver
on our compelling vision,” Mulally added.
is a true honor to lead this great company and this talented team into the
future,” Fields said, adding, “Under Alan’s leadership, we have seen the power
of One Ford and what a culture of positive leadership and working together can
accomplish. My commitment is to build on that success by accelerating our pace
of progress. All of us at Ford are committed to delivering even more of the
great products and innovations that will deliver growth and define our company
who joined Ford in July 1989, has led the turnaround of Ford’s businesses in
the Americas, Asia and Europe through a focus on delivering product excellence,
innovation and operating efficiency.
chief operating officer, Fields has been overseeing Ford’s global business
operation and most skill teams, including product development, manufacturing,
purchasing, as well as marketing, sales and service. He also leads the
company’s weekly Business Plan Review process and is overseeing the company’s
most aggressive product introduction schedule in its 111-year history and its
fastest global manufacturing expansion in 50 years.
to this role, Fields served as executive vice president and president, The
Americas, a position to which he was named in October 2005. He led the
development and implementation of a comprehensive restructuring plan for the
company’s North America business that resulted in turning around heavy losses
to record profits, significantly improving brand favorability and improving operating
also led Ford’s South American operations to profitability and its conversion
from a legacy product lineup to all-new global products.
2002 to 2004, Fields served as group vice president, Premier Automotive Group
(PAG), and from 2004 to 2005 served as executive vice president, Ford of Europe
and PAG, where he led all activities for Ford’s European-based business and its
former global luxury brands – Volvo, Land Rover, Jaguar and Aston Martin.
There, he led the development of a comprehensive product plan and delivered
PAG’s first-ever profit.
1998 to 2002, he served at Mazda Motors Corporation, first as global marketing
and sales director and then as president and managing director. Fields led
Mazda through a major restructuring and product renaissance. It was during his
leadership of Mazda that he was named a Ford Motor Company officer in December
then, he served in a variety of positions in both South America and North
America, including managing director of Ford Argentina.
holds an Economics degree from Rutgers University in New Jersey (USA) and a
Master of Business Administration from the Harvard Graduate School of Business.
Source: Ford Motor Company
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