Ford Motor Company (F) CEO Denies Early Exit

Posted Sep 7, 2013

Ford Motor Company (NYSE:F) Alan Mulally said that he will remain as the CEO of the company until the end of 2014 despite reports that the company’s board of directors is open to letting him step down earlier.  That same report also suggested that Ford chief operating officer Mark Fields is widely expected to be the next CEO.  Reuters reports that Mulally was considering a role in the Obama administration at one point.

?I love serving Ford and will continue serving Ford,? stated Mulally in an interview Bloomberg.

Mulally appeared at the IFA technology conference in Berlin earlier this week to promote the Ford S-Max concept.

?There is no change from what we announced in November: Alan Mulally plans to continue to serve as Ford?s president and CEO through at least 2014,? added Ford spokesman Jay Cooney.

Ford Motor Company (NYSE:F) hired Mulally from Boeing seven years ago and he was credited with the company’s turnaround.

[Source: Detroit Free Press]