Ford Motor Co. Chairman and CEO Bill Ford announces he is relinquishing his role as CEO to Alan Mulally, former executive vice president of The Boeing Co. Mulally, 61, also will assume the role of president of the auto maker and sit on the board of directors. Bill Ford, 49, will remain executive chairman. “One of the three strategic priorities that I’ve focused on this year is company leadership,” Bill Ford says in a memo to employees. “While I knew that we were fortunate to have ...

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