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Question 1. Why is Ford looking at candidates with International business experience?
Support your comments with specific data such financials and market(s).
Question 2. What are the pros and cons of appointing a candidate from within and from
outside the company. Make 2 tables and discuss your comments. Support your comments
with additional data and examples.
Introduction.
Ford Motor Co. has begun a broad search for candidates to replace current Chief Executive
Officer Alan Mulally, who is expected to leave the company within two years, people
familiar with the matter said. Candidates for the position include at least two former Ford
executives as well as two internal candidates, those people said. The internal candidates
are Americas President Mark Fields, 50, and Joe Hinrichs, 45, the chief of Asian
operations. External candidates include John Krafcik, CEO of Hyundai Motor Co.s North
American arm and Phil Martens, CEO of Novelis Inc., an aluminum products company.
Mr. Mulally, who is 66 years old, is expected to give up the top post at the auto maker
within the next two years, according to people familiar with the matter. Ford has begun
considering potential successors and ways of handling the transition, including the
appointment of a chief operating officer who would work alongside Mr. Mulally before
taking the helm, these people said.
Question 1. Why is Ford looking at candidates with International business
experience? Support your comments with specific data such financials and market(s).
Answer 1. As mentioned in the article, Ford Motor Co. has begun a broad search for
candidates to replace current Chief Executive Officer Alan Mulally, who is expected to
leave the company within two years. Both internal and external candidates that Ford is
looking at now all have international business experience. Mark Fields, 51, executive vice
president and president of the Americas. Fields has been in his current position since 2005,
but has gained significant global experience since he joined Ford in 1989. Fields led Fords
European operations before taking his current job, and he also served as president and
CEO of Mazda Motor Co. from 2000 to 2002. Fields also led the companys operations in
Argentina. Joe Hinrichs, 44, president of the Asia Pacific and Africa region; Hinrichs has
been in his current position since 2009. Prior to that, he served as Fords global head of
manufacturing and labor and as chief of North American manufacturing. He also served as
CEO of Fords Canadian operations. Prior to joining Ford in 2000, Hinrichs spent a decade
