Ford Motor Co. Names New COO, Mulally to Remain CEO Through at Least 2014

Dearborn, Mich. – Ford Motor Co. is further strengthening and developing its leadership team while continuing to deliver the One Ford plan for profitable growth. Alan Mulally plans to continue to serve as Ford president and CEO through at least 2014. At the same time, Mark Fields was named the company’s new chief operating officer, effective Dec. 1.

Mulally will continue leading the long-term strategic development of the One Ford plan and its continuous improvement. Fields will be responsible for all business operations. Fields will continue to report to Mulally, as will the company’s chief financial officer, general counsel and group vice president of Human Resources and Corporate Services.

Ford’s automotive business units – The Americas (including both North America and South America); Europe, Middle East and Africa; and Asia Pacific – will report to Fields. Also reporting to Fields will be most of the company’s functional skill teams, including Product Development; Manufacturing and Labor Affairs; Purchasing; Quality; Sustainability, Environment and Safety Engineering; Information Technology; Government and Community Relations; Marketing, Sales and Service; and Communications.

The company also made several other concurrent leadership announcements, also effective Dec. 1, including:

• Joe Hinrichs was named executive vice president and president of The Americas; Hinrichs is currently group vice president and president of Asia Pacific Africa

• Stephen Odell was named executive vice president and president of Europe, Middle East and Africa; Odell is currently group vice president, chairman and CEO, Ford of Europe; Africa is being realigned with Europe and the Middle East under Odell to take advantage of profitable growth opportunities and efficiencies

• Jim Farley was named executive vice president of Global Marketing, Sales and Service and Lincoln; Farley, who is currently a group vice president, adds operating responsibility as the senior global leader for Lincoln, working together with the company’s business units and functions on the re-invention of Lincoln as a world-class, global luxury brand

• David Schoch was named group vice president and president of Asia Pacific; Schoch is currently chairman and CEO, Ford of China

• John Lawler was elected a Ford Motor Co. vice president and named chairman and CEO of Ford Motor China; Lawler is currently CFO, Ford Asia Pacific Africa

“Today marks an important next step in the profitable growth of the Ford Motor Company and the appointment of key leaders who will help us continue to make progress on our One Ford plan,” Bill Ford said. “The strength of our people and stability of our team are competitive advantages for Ford. We are fortunate to have Alan’s continued leadership as well as talented senior leaders throughout our company who are developing and working together and delivering on our plan.”