Is there a change afoot in the management of Ford Motor Co.?
Both Bloomberg and the Wall Street Journal are reporting that Ford’s board of directors will meet this week to discuss a formal succession plan to replace Chief Executive Alan Mulally and that Mark Fields, the head of its North and South American operations, is the likely candidate.
Mulally, 67, is a former aerospace executive from Boeing who is widely credited with steering Ford through the recession without the need of a government bailout or bankruptcy reorganization.
Both news outlets cited unidentified sources who they claimed were familiar with Ford’s plans. Who might succeed Mulally has been a source of speculation for several years.