Changes At FORD

kat2220

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Changes at the very top for Ford: In a surprising move, Ford Motor Company chairman Bill Ford Jr. has stepped down as the company's chief executive, tapping former Boeing executive Alan Mulally to replace him. The move comes shortly after Ford Jr. - great-grandson of company founder Henry Ford - outlined to the company's employees a three-point plan to solve FoMoCo's problems. Ford has lost $1.44 billion in the first half of 2006, and recently announced it has put its Aston Martin brand of high-end sports cars for sale. Ford Jr. will stay involved with the company as executive chairman. Mulally, 61, headed Boeing's commercial airplane unit and was one of the top candidates to become that company's CEO last year.(Speed Channel)
 
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