Is the succession plan for Ford CEO Alan Mulally beginning to take shape?
Bloomberg reported that CFO Lewis Booth plans to retire in the first half of this year, clearing the way for Mulally to step up efforts to groom the next CEO. Booth, 63, has been Mulally's de facto second in command and they are the only executives with a global view to Ford's worldwide operations, sources told the news service.
The report said Mulally, 66, probably will retire around the end of 2013 and Booth's departure gives Mulally the opportunity to install a new No. 2 executive who could be trained as the next CEO. The leading candidate for that role is Mark Fields, 50, now head of Ford's operations in North America and South America, the sources said.
Ford isn't commenting on the Mulally succession plans or on Booth's future.