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September 29, 2006
Ford Exec Optimistic With Mulally at Helm
Ford President of the Americas Mark Fields said he does not expect newly hired CEO Alan Mulally to overhaul the automaker's executive team and called him a "huge add to the team, reports The Wall Street Journal.
Mr. Fields said that though he's only had a few meetings with Mr. Mulally, he thinks the new CEO will help institute a culture change at Ford, though he warned that it wouldn't come overnight. Mr. Fields is overseeing the company's Way Forward restructuring plan, which aims to reduce operating costs by approximately $5 billion, including about 14,000 salaried job cuts and buyout offers for all Ford's hourly employees at the United Auto Workers.
Posted by Frank at September 29, 2006 3:11 PM | Filed under Auto News
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