Ford Motor Co will soon announce the change of company CEO Alan Mulally. As Alan Mulally, 68 will step down before the year end his job will be continued by Mark Fields, 53, who is now chief operating officer. The announcement is about to be confirmed on May 1 by Michigan-based car producer.

The Mulally’s retirement from Ford will end up a story in which Ford avoided bankruptcy and made a makeover by cutting costs and changing the lineup into more stylish, fuel-efficient models which encourage.

Source: Bloomberg