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After 37-years at Boeing where he started off as an engineer and eventually became executive vice president, Mulally was appointed CEO of Ford in 2006.
Industry observers were shocked: never had someone with absolutely no car experience been appointed to such a high position.
In 2006, Ford posted a $12.6 billion loss and another $2.7 billion in 2007.
Though Fords problems were in place long before Mulally came to the company, it was still up to him to do something about it. President ad CEO FORD
Mulally was part of the Detroit Three automakers that appeared in the infamous Capitol Hill bailout hearings. Mulallys own image took a beating during the hearings. However, unlike the other two companies, Ford did not accept the governmentaided bailout and did not have to file for Chapter 11 bankruptcy protection.
President ad CEO
Mulallys plan for Ford included cutting labor costs, taking out loans more than $23 million worth and selling non-core brands, such as Land Rover and Volvo. Today, Ford has about 120,000 fewer workers than it did in 2006.
Some people call it one of the biggest business turnarounds from the great recession. It also marked the second act in Mulallys life. President ad CEO FORD
We are fighting for the soul of American manufacturing, Mulally said in an interview with Time Magazine. We are leading the way.
Communicate, communicate, communicate, he said in an interview with CNN. Everyone has to know the plan, its status, and the areas that need special attention.
Mulally lives within three miles of his office at Fords global headquarters and arrives at 5:15 a.m. every morning and works for twelve hours a day. Every Thursday morning he has meetings with Fords executives called the Business Plan Review. I love what Im doing, he said. Were accelerating Henry Fords vision and that is pretty exciting. I dont want to retire. President ad CEO FORD
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HURIEL ALEJANDRO