Ford Motor Co. says Bill Ford Jr. is stepping down as chief executive, but will remain as executive chairman.
Ford, 49, had become CEO of the troubled company in 2001.
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Replacing him as president and CEO is Alan Mulally, previously a top executive from at Boeing Co.
Ford and Mulally were to discuss the change of command, and their shared vision for the automaker’s future, in a news conference/conference call tonight at 5 at Ford World Headquarters, in Dearborn, Mich.
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