Ford Motor Company announced the retirement of President and CEO Alan Mulally, effective July 1, according a news release posted on the Dearborn, Mich., based automaker’s website. In the same release, Ford said that its current COO, Mark Fields, would take over as President and CEO of the company.
Mulally has been president and CEO of Ford since September of 2006. Prior to his position at Ford, Mulally was president and CEO of commercial aviation at Boeing, where he had worked since 1969.
Fields has been COO at Ford since 2012. Prior to that, Fields was an executive vice president of the company’s Americas division since 2005, the release said. The release credited Fields with taking the North American division of the company from not profitable to profitable over the course of his tenure. Fields joined Ford in 1989.
In March, Ford announced that it would begin production of its newly redesigned F-150 pickup at its plant in Claycomo, outside of Kansas City. The F-150 has been the best-selling vehicle in the U.S. for 32 years running, according to a January release by Ford. Ford has also begun production of the Transit van at the Claycomo facility, adding 900 new jobs at the plant.
Last year, Grupo Antolin, a worldwide manufacturer of auto parts also announced it was opening a facility in the Kansas City area to supply Ford with headliner assemblies for its vehicles, adding nearly 200 jobs to the local economy.