Ford CEO Mulally talks to new GM Chairman Whitacre

During the course of this conversation between Mulally and Whitacre, do you think the names, Mark Fields, Jim Farley or Joe Hinrichs came up? It would be a major coupe if GM could tap one of these three to be the CEO at The New General. A young and talented CEO with a take no prisoners Chairman like Whitacre might be what the people ordered from GM.

Per Reuters.com:

DETROIT, Dec 10 (Reuters) – Ford Motor Co (F.N) Chief Executive Alan Mulally said in a CNBC interview on Thursday that he had talked this week with General Motors Co [GM.UL] Chairman and Chief Executive Ed Whitacre.

Mulally, who Ford hired away from Boeing Co (BA.N) three years ago, did not discuss details of his conversation with Whitacre. Whitacre became chairman of GM in July and was named CEO on Dec. 1 with the resignation of CEO Fritz Henderson.

“Well, matter of fact, we did talk yesterday,” Mulally said in an interview with Jim Cramer on CNBC. “He’s reaching out just the way that I did when I came in.”

Read the full article here.


Photo from fOTOGLIF

  

Fritz Henderson out as CEO of GM


Photo from fOTOGLIF

We’ve been hearing rumblings for a while that board chairman Ed Whitacre was determined to change the culture at GM, and that everyone, including CEO Fritz Henderson, would be judged by a very high standard. BusinessWeek had an excellent report on this several months ago.

We learned today the Henderson has been fired by the board, and that Whitacre will take over an interim CEO. That’s quite a shake-up, and I’m sure we’ll learn more in the coming days. It’s either a sign of disarray at the new GM, or perhaps a sign that the new board is determined to set a new standard and see results.

They will almost certainly look outside of the company for the next chief. Tapping an upcoming star from the Ford stable isn’t a bad idea. Mark Fields or Jim Farley would be interesting and aggressive moves by the new GM board. Let the speculation begin!

  

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