Report: Ford's Mulally to retire by end of the year

By Deepa Seetharaman, Reuters

Ford Motor Co Chief Executive Alan Mulally is likely to retire by the end of this year, Bloomberg reported on Tuesday, citing someone familiar with the company's succession plan.

Bloomberg also reported that Mark Fields, Ford president of the Americas, will be promoted to chief operating officer, a move that would put him first in line to replace Mulally, 67.

Ford declined to comment on the report

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Source: http://bottomline.nbcnews.com/_news/2012/09/11/13809411-ford-ceo-mulally-to-reportedly-step-down-at-end-of-year?lite

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