Hallo everybody, right now I want to describe about Allan Mulally. He is the person who has save Ford Company from struggling during the late-2000 recession. Allan Mulally was born in Oakland, California on August 4, 1945. But he grew up in his mother hometown Lawrence in Kansas. He said he found himself motivated when he was 17 after he listening about the challenge of President John F. Kennedy about sending a man to the moon.
In education side he can be considered a successful person after having graduated from University of Kansas in 1969 with Bachelor of Science and Master of Science degrees in aeronautical and astronautical engineering. He is also an alumnus of the Kappa Sigma Fraternity. He also received a Master’s degree in Management (S.M.) from the MIT Sloan School of Management in 1982.
Because of the many degree and prestige he received in his study it was not a strange thing that after graduate from college he immediately hired by Boeing as an engineer and then contributing on many project such as project 727, 737, 747, 757, 767 and 777 projects. He was later named as Vice President of Engineering for the commercial airplane group and in 1994, promoted to senior vice president of Airplane Development. In 1997, Mulally became the president of the Information, Space & Defense Systems and senior vice president. He held this position until 1998 when he was made president of Boeing Commercial Airplanes.
When Harry Stonechiper Chief Executive of Boeing is forced to resigned in 2005, Mulally is one of the possible candidate to replace him but eventually Mullay was passed and he decide not to remain in the company.
Mulally was named the President and CEO of Ford Motor Company on September 5, 2006.
One of Mulally’s first decisions at Ford was to bring back the Taurus nameplate. He said that he could not understand why the company previously scrapped the Taurus, which had been one of the company’s best sellers.
Mulally took over “The Way Forward” restructuring plan at Ford to turn around its massive losses and declining market share. Mulally’s cost-cutting initiatives led to the company’s first profitable quarter in two years. In 2006, Mulally led the effort for Ford to borrow US$23.6 billion by mortgaging all of Ford’s assets. Mulally said that he intended to use the money to finance a major overhaul and provide “a cushion to protect for a recession or other unexpected event. This decision prove to be correct as Ford is saved from bankruptcy during the automotive industry crisis of 2008–2009.
In May 2009, Ford chairman William Clay Ford, who hired Mulally, said that “Alan was the right choice [to be CEO], and it gets more right every day”. This sentence is proven to be the correct word to simbolize the success of Allan Mulaly. He’s proven to be a leader that dare to take risk and didn’t let failure such as his failure to be Boeing CEO to impede him.
By: Ammes 32412055