Mulally to be the wind beneath Ford’s wings

IIPM PUBLICATION
Alan Mulally, former Boeing executive, has been named chief executive of Ford Motor. This would mean that the five-year stint of Bill Ford Jr. (as the operational head of the company that was founded by his great-grandfather) has come to an end. The message, say industry analysts, is clear: Ford is looking at changing the way it has conducted business so far, and will step up cost-cutting and roll out more product development plans. Ford posted a whopping $ 1.44 billion loss in the first half of this year, and its US sales had nosedived by nearly 10% till August this year. The choice is perfect: Mulally is best remembered for leading a revival of Boeing’s commercial plane division after the sharp decline that followed 9/11 and is known to be someone who walks the talk.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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