Alan Mullaly, the former Boeing executive and CEO of Ford Motor Company announced a shake of its top level management to significantly increase the number of executives reporting to him. The decision has been taken with a view to streamline vehicle development efforts and to bring the CEO closer to the most important and strategic operations. When he took the reins of Ford Motors three months back had had eliminated a layer of management from its international operations and created a post of global product development chief.
Mulally has already announced that he is planning to refurbish the car maker’s operational structure in order to make the company more centrally driven especially in the areas such as product development, purchasing and engineering.
Ford Motors in recent time struggling to hold the second largest car producer in U.S. aqs it has witnessed recently its sales drop by eight percent. Analysts have argued that the sales are dropping due to weaknesses of the upcoming products and consumers are shifting from its stronghold of trucks and SUVs.
The arrival of Mulally was seen as a positive signal by the Wall Street analyst as it expected him to push the company for the next phase of restructuring that has already cut 50,000 jobs cut and 16 plants closed.
