Ford’s Mark Fields promoted, could become CEO
Ford’s leaders have watched Mark Fields, a brash Harvard MBA, turn the company’s North American business into a profit machine. Now they are considering him for chief executive. Fields, 51, was named chief operating officer Thursday, a sign the board favors him for the top job when Alan Mulally retires. Mulally, 67, plans to stay at least through 2014, a decision that reassured Wall Street. The announcement puts to rest — for now — the swirl of speculation about Ford’s succession plans. Investors have been anxious to learn who will replace Mulally, who united Ford’s fractious management and made the company healthy again.