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 |  Jun 27 2011, 8:17 AM

Ford‘s success streak rolls on, with the latest good news for the automaker coming as recognition of its leadership by Chief Executive magazine. The publication has announced Ford boss Alan Mulally is its 2011 CEO of the Year.

Nominated by magazine readers, the top 10 picks were then chose and the title decided by a committee of peers. With the award Mulally joins the ranks of past winners like Bill Gates, Jack Welch, Michael Dell, A.G. Lafley, John Chambers, Anne Mulcahy, Larry Bossidy, Andy Grove and Herb Kelleher.

Those same peers had plenty of accolades to bestow upon Mulally with the announcement of his win.

“The turnaround and triumph of Ford is an amazing success story, due largely to his talents, leadership and courage,” said Monsanto CEO Hugh Grant, winner of last year’s prize “It’s a turnaround not only of an American icon but more importantly, a global icon, as well.”

“The success he showed in the face of incredible difficulty was just extraordinary,” said James Turley, chairman and CEO, Ernst & Young. “The foresight he showed throughout the process, the courage he showed in making some tough decisions on popular brands, the global mindset he showed, and above all, the statesmanship he showed when two major competitors were on the public dole shows he was thinking for the good of the country as well as his company and industry.”

Mulally will be the guest of honor at a private event at the New York Stock Exchange in July.

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