DETROIT - Bill Ford, who struggled for five years to steer Ford Motor Co. toward financial stability, has stepped down as chief executive of the company founded by his great grandfather and is being replaced by top Boeing executive Alan Mulally.
Ford will remain as chairman, the company said Tuesday in a surprise announcement.
The change comes more than seven months into a restructuring, which is the second under Ford’s watch and has so far failed to revive the nation’s No. 2 automaker.
http://www.msnbc.msn.com/id/14686147/
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