The resignation of William Ford as Chief Executive of Ford Motor Company may be seen by some as the latest signal that the Detroit auto maker’s troubles are deep and varied. And while it’s easy to speculate from the gallery that supports the word processors of the media, it may be that Bill Ford’s latest move is a huge step forward for the company, its shareholders, and its customers.
New Ford CEO Alan Mulally
Ford knew he had to step down. By his own admission, he was, “wearing too many hats.” But in the process of vacating his office, he handed the keys to a very interesting successor. Alan Mulally takes on the responsibility of CEO. Each step of this process was orchestrated by Bill Ford, who has been very clear that the status quo was no longer good enough and a global view to the market was required.