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The replacement for Ford‘s current CEO Alan Mulally will likely come from within, and four contenders have come out on top despite no realistic timeline for someone to replace Mulally.
Those four contenders include Mark Fields, the president of the Americas and current frontrunner (age 50), current CFO Lewis Booth (age 63), Jim Farley, group vice president of global marketing, sales and service (age 49), and Joe Hinrichs, group vice president of Ford Asia Pacific and Africa (age 45).
The talk of a CEO successor for Alan Mulally is probably premature, as his success in Ford will allow him to leave on his own terms, when he wants. But at age 66, Ford’s board of directors has to realistically begin to consider successors. One thing is for sure, Ford will be promoting from within rather than hiring from the outside – as they did with Mulally – in order to send a message of stability. Another option that Ford is considering is that Mulally could act as a mentor for Ford’s future leader.
[Source: Automotive News]