Bill Ford steps down as CEO; Boeing exec picked as successor - 09/05/06 - The Detroit News Online

Bill Ford steps down as CEO; Boeing exec picked as successor - 09/05/06 - The Detroit News Online:

"Bill Ford Jr. stepped down as chief executive of Ford Motor Co. today and was replaced by Boeing Co. executive Alan Mulally, the automaker announced.

Mulally, 61, vice president of Boeing and president and CEO of Boeing Commercial Airplanes, will head the troubled automaker's recovery as its new president and CEO. Bill Ford Jr. will maintain his position as executive chairman of the company.

Ford notified employees of the changes in a company-wide e-mail and will hold a press conference this afternoon at 5 p.m. in Dearborn."