Ford's Mulally Named Chief Executive of the Year

Chief Executive magazine has named Ford CEO Alan Mulllay as its 2011 Chief Executive of the Year in recognition of last year’s culmination of his five years of work in turning the automaker around, making bold bets on everything from debt to new products — and also presumably for spurning the federal-government bailout offers that General Motors and Chrysler accepted.

“The success he showed in the face of incredible difficulty was just extraordinary,” said James Turley, chairman and CEO of Ernst & Young and a member of the magazine’s 2011 selection committee. “He was thinking for the good of the country as well as his company and industry.”

Ford’s turnaround has been “due largely to his talents, leadership and courage,” chipped in Monsanto CEO Hugh Grant, another committee member, and the magazine’s 2010 Chief Executive of the Year.Continue reading...