Bill Ford gives up CEO job, hands it over to ex-Boeing President.

[Unit 5302]

As somebody that works with high level executives, I can guarantee you that Mr. Mulally has in depth knowledge of Ford's financial situation and technical capability. No executive at that level would move into a company they didn't feel was viable. This move has likely been coming for several months.

That being said, Mulally may not have the same vision for Ford that Bill Ford did, and his view of what Ford should be will likely result in significant changes to Ford's global image. Jaguar remains a prime target to be shut down and dismantled. It's been a huge money pit for Ford, and Mulally likely doesn't have nearly the emotional attachment to projects that Ford does/did.

As far as not envying his position, Mulally will receive the credit for turning Ford around, if he is able to, and Bill Ford would then likely be noted as a failed CEO that knew he couldn't save the troubled company. If Ford faulters, Mulally will likely be noted as the CEO that couldn't undo the massive strategic mistakes made by decades of mis-management by top executives at the Blue Oval.