Alan Mulally

At 79 years old, Alan Mulally has this physical status:

Alan Roger Mulally (born August 4, 1945) is an American aerospace engineer and manufacturing executive.

He is the former President and Chief Executive Officer of Ford Motor Company.

On July 1, 2014, he resigned from Ford Motor Company.

Ford had been struggling during the late-2000s downturn, recovered to profitability under Mulally, and was the only major automaker to avoid a government bailout fund.

In the book American Icon: Alan Mulally and the Fight to Save Ford Motor Company, written in 2012 by Bryce G. Hoffman, Mulally's contributions in the factory are chronicled.

He was named to the Google Board of Directors on July 15, 2014.Mulally served as Boeing's executive vice president and Boeing's CEO, as well as Boeing's CEO. (BCA).

He began his career with Boeing as an engineer in 1969 and was largely responsible for BCA's revival against Airbus in the mid-2000s.

Mulally was inducted into the International Air & Space Hall of Fame at the San Diego Air & Space Museum in 2015.

Early life

Mulally was born in Oakland, California, the son of Lauraine Lizette (Clark) and Charles R. Mulally, who attended a USO dance. Mulally grew up in Lawrence, Kansas, where he was a member of Plymouth Congregational Church. Rev. The Rev. Dale Turner "a mentor and an inspiration." To investigate the minister's influence in the congregation, he used to stand at the front of the church. Mulally said that he was inspired by president John F. Kennedy's challenge to send a man to the moon at the age of 17.

Mulally earned Bachelor of Science (1968) and Master of Science (1969) degrees in aeronautical and aerospace engineering from the University of Kansas, as well as his mother's alma mater. He was also a member of Kappa Sigma Fraternity. (S.M.) He obtained a master's degree in Management. In 1982, Sloan Fellows from MIT's Sloan School of Management.

Source

Career

Mulally was hired by Boeing as an engineer right out of college in 1969. He worked in a variety of engineering and program management roles, contributing to the Boeing 727, 747, 757, 767, and Boeing 777 projects. On the 757/767 project, he led the cockpit design team. Its pioneering features included the first all-digital flight deck in a commercial aircraft, the second two-man crew for a long-range plane after the Airbus A300, and a universal type rating for pilots on two different aircraft. He served on the 777 program first as programmer of engineering and as vice president and general manager from September 1992 to September 1992.

He was later promoted to Vice President of Engineering for the commercial plane company. Phil Condit's "Working Together" philosophy has been promoted throughout and beyond the 777 program. Mulally was promoted to senior vice president of Airplane Development in 1994, and was in charge of all airplane design, flight testing, inspection, and government technical liaison. Mulally, the Boeing Information, Space & Defense Systems president and senior vice president, in 1997. He served in this position until 1998, when he was appointed president of Boeing Commercial Airplanes. Chief Executive Officer duties were first introduced in 2001.

Following the forced resignations of CEO Phil Condit and Harry Stonecipher in 2005, Mulally was one of the leading internal candidates for the position. When Mulally was approved in both cases, concerns were raised about whether he would stay with the firm.

Mulally's success at Boeing earned him the Year of the Year Award for 2006.

Former Ford CEO Donald Petersen recommended Mulally to Ford, and he was appointed President and CEO of Ford Motor Company on September 5, 2006, replacing Bill Ford, who became executive chairman. Mulally dubbed his Lexus LS430 the world's best car, just as Ford was about to announce his appointment as CEO, implying that Ford was not in a leadership role at the time, although he later came under fire for switching to driving Ford models. William Clay Ford Jr. had been looking for his replacement as Ford CEO for a long time, with Daimler AG's Dieter Zetsche and Renault/Nissan Motors' Carlos Ghosn both turning down the bid.

One of Mulally's first moves at Ford was to reinstate the Taurus nameplate. He said he was unable to understand why the Taurus, one of the company's best sellers before losing ground in the late 1990s.

Mulally took over Ford's "The Way Forward" reorganization initiative to help the company recover its massive losses and declining market share. Mulally's cost-cutting initiatives resulted in the company's first profitable quarter in two years. Dividends were also suspended on shareholders.

Mulally led Ford's bid to borrow US$23.6 billion by mortgaging the majority of Ford's funds in 2006. Mulally said that he planned to use the funds to finance a major renovation and leave "a cushion to cushion against a slowdown or other unexpected occurrence." At the time, the loan was viewed as a sign of desperation, but Ford is now widely credited with improving Ford's financial stability, compared to crosstown rivals GM and Chrysler, both of whom went bankrupt during the 2008-2009 automotive industry crisis. Ford was the only one of the Detroit Three Detroit Three that refused to apply for a government loan. Mulally testified before the United States Congress in favour of government loans for GM and Chrysler, addressing the consequences of the economy and other automakers if parts suppliers go bankrupt in the aftermath of a GM or Chrysler failure. "Alan was the right choice [to be CEO]," Ford chairman William Clay Ford, who recruited Mulally, said in May 2009, and it continues to be so true every day.

In 2007, he presided over the selling of Jaguar Cars and Land Rovers to Tata Motors, an Indian auto and truck manufacturer. Mulally expressed "no regrets" over the sale, preferring to concentrate on the Ford brand as then-CEO Jacques Nasser was chastised in 2001 for putting too much emphasis on new overseas deals while allowing the main Ford operations in the United States to decline. Ford received US$2.3 billion on the auction, much less than what they paid for it under Nasser and Donald Petersen. However, analysts predict that Ford would have found much less or may not have found a buyer if they had tried to sell it later this year, prompting Tata to request a bailout from the British government. Mulally also sold Aston Martin and Volvo Cars and reduced Ford's interest in Mazda.

Ford revealed a plan on December 2, 2008, in the midst of rising losses during a economic recession, to reduce Mulally's salary to $1 per year if government loans were received and used by Ford. During hearings on government loans to Ford, he and other business executives were chastised for flying to Washington, D.C., in corporate jets. During a subsequent meeting, he moved from Detroit to Washington by a Ford-built hybrid electric vehicle, but not one of the company's corporate jets.

Mulally received total compensation of $13,565,378, which included a base salary of $2,000,000, stock awards of $1,849,241, and option awards of $8,669,747. His total compensation dropped by 34% compared to 2007.

He was included in the 2009 Time 100 list thanks to his work at Ford. "[Mully] knows the fundamentals of company growth as well as any business leader I know," Steve Ballmer's essay says.

The Financial Times ArcelorMittal Boldness in Business Awards named Mulally Person of the Year in 2011. Chief Executive magazine named him also as the Year's Best CEO of the Year. Mulally received the Edison Achievement Award in 2011 for his contributions to innovation throughout his career.

Mulally was awarded the University of Kansas' honorary Degree of Doctor of Science in 2012 for his contributions to engineering and transportation.

Mulally will remain with the company at least through 2014. Ford announced on November 1, 2012, that Mulally would remain with the firm until 2014. Mulally is expected to resign sooner than 2014 if he pursued other careers, as he was told in September 2013. According to reports, the board will be sympathetic to this change.

Mullaly resigned as Ford's CEO on July 1, 2014.

He joined the Board of Directors of Google (now Alphabet) on July 9, 2014. In April 2016, Mulally became a senior fellow at Seattle University's Albers School of Business.

Mulally was considered Secretary of State in the Trump administration, but ExxonMobil CEO Rex Tillerson took over the position.

Source