Mulally plans to stay in driver’s seat at Ford

Posted on Thursday, July 30th, 2009 at 2:20 PM EDT.

Ford Motor Co. CEO Alan Mulally says he has no intention of retiring before restoring the Dearborn automaker to sustained profitability, The Detroit News reported.

Mulally turns 64 next month, and Ford executives have typically retired by age 65, the story said. If he followed that policy, the chief architect of Ford’s turnaround plan would leave before reaching his long-stated goal of returning Ford to full-year profitability, the paper said. But Mulally told The Detroit News he intends to stay.

“As long as I’m contributing, I’m honored to serve Ford,” he told the paper last week. “But I’m one person on a fabulous team.”

That may be, but many on Wall Street see Mulally as the star, the News said. And as Ford’s fortunes rise, some analysts and investors are becoming increasingly concerned about Ford’s future without him, the story said. (The Detroit News)

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