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Ford's Mark Fields: A Look Back

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  1. jaguar1:16, 2:51
  2. Lincoln1:20, 3:04
  3. executive VP1:33
  4. Alan Mulally0:29
  5. bill Ford1:27, 2:32
  6. Automotive News4:35
  7. Aston Martin1:19, 2:54
  8. Land Rover1:18, 2:52

Thu, 1 Nov 2012|

Ford Motor Co. appointed Americas chief Mark Fields as COO, effective Dec. 1, making him a strong candidate to succeed CEO Alan Mulally when he retires no sooner than the end of 2014. This video takes a look back at Fields' career, so far.

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Automatically Generated Transcript (may not be 100% accurate)

They'll be great opportunities for everybody. War. In serving this great company going forward. And repeal another moment of opportunity have arrived. For years this best writing that was dogged by speculation. That he's in -- to DC you know. And for years he politely brushed the questions aside you know at -- -- leader of the American. -- up here yeah. That both fields in December CEO Alan Mulally he says it's not going anywhere soon there was no time for distractions. World staying focused on today. We'll continue to make progress. Again and that is our number one focus it's. Phillips joined Ford in 1989. As a newly minted Harvard MBA. He quickly built a reputation as a marketing winds and a man on the fast track at the house Ed Henry Ford built. And 1999. At 838. He was named president of -- the youngest ever chief of a Japanese auto company. And 2002. The 41 year old took the reins at Ford so premier automotive group. Consisting of luxury brands Volvo and jaguar. Land Rover Aston Martin and Lincoln. Failed to emerged as a possible CEO candidate way back in 2004. When bill Ford will still running the family company. By that time fields and edit the title of executive VP of Ford of Europe to his resume while still running PAG. We continue to remain focused laser focused our player when he was passed over in favor Boeing executive Allen Molly. -- what does all of CEO ambitions on hold. Instead he would learn from a Molly and he became a more relaxed self assured executives and the process. This is what the business needs. Over the years a more mature fields -- -- merit. Bloomberg says that it onetime. -- most cited in the press as a Jersey boy with a 1980s hair style. Who wants open a press lunch by thing. Aren't you going to ask me about my -- And feel -- -- that he could be a three fighter. And the book American icon. Often Bryce Hoffman -- -- near physical altercation between fields and former CFO. Don LeClair. The shouting match fit to be broken up by bill Ford himself. Ford is America's best selling brand. As head of the America -- a job he took in 2005. -- -- been a turnaround artist. Helping transform the North American operations from record losses for years ago to record profits this year. As jaguar and Land Rover Volvo Aston Martin and Mercury have all -- it from the lineup. Of the auto makers to surviving brands. We are very very excited about where -- -- I hate when Lincoln and our objective is really clear it was like we wanna make a world class. Luxury -- both -- product standpoint. Consumer experience standpoint. A year after that 2011 interview. More assurances for retailers. I'm -- only -- that. The dealers to not only to listen to a words but watch watch her actions we want to ask fields what keeps them up at night. His fans there. The excitement of seeing or grow again. We'll go through the doorways every morning and it's it's a very different dynamic when you were a growing profitable company. And there're a number of different issues that you work through as you're -- profitably as you do when you're restructuring business. And that's very very exciting and it's also very very motivated so. It's almost the adrenaline that that keeps me up at night. Amongst them. -- things. He was clearly excited about four regaining its investment great status from two ratings companies this year. And -- it the trademark blue awful barges so that fork get its money three billion dollar loan and avoid bankruptcy. To be able to kind of get this -- back Condit you know can sit and that's ours again. And we control our own destiny. And the cheerleading job doesn't stop there. Most recently he helped employees celebrate as the automaker took control of a suburban Detroit plant it had been operating with Mazda. -- -- -- For Automotive News TV. I'm Leslie Allen.

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Outside the store per term stays well connected he's panel slip that billionaire investor Warren Buffett. There relationships spans fifteen years. First from a pleased to see about this and turn the auto industry with Berkshire Hathaway's recent purchase of the band tiled dealership group. I think he's gonna find it to good business but he says the buffet might face some challenges. He'll also find that it's that is consistent is a public company. Might like. The people have gotten their business in the public companies tremendously challenging for them to get quarters. And for the private side I think if you have a difficult quarter you can smooth from quarter to quarter which is an accepted in public hearings at all burst from. Also aligning himself with Fella dealers such as Carl Sewell of taxes. Their friendship grew under the same conviction. That putting people before profit is critical. It started from the fact that. He believes that how you treat that gas and get to come back the next time as far more important than how you treat them to get him. By cart today and get to our service with him today I believe that. Wholeheartedly. Their customer first mentality also was an approach the birds from chain cultivated. There GMs and now shuttered Saturn brand. And get to walk around through without looking over your career. His fellow named skip portfolio that was just a fascinating later today. Taught us that this business wasn't so much of that cars. It was about building relationships with people and went Saturn was closed. We lost 35% of our business six stores. In. Literally overnight. That culture that we developed through shattered now. We live with the everyday so today. Despite losing those stores for Hummer dealerships into Pontiac a franchise is in the aftermath of GM's 2009 bankruptcy. Birth Shaun kept his head high and still does today. I don't live in regret bill. 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This this building is 80000 square feet we use every inch of it today. Are we gonna need it one way and cars don't break. And and when. You know or is it in a scenario where where maybe it's except to boldly carry an inventory of ninety days or cars did the business model election. So maybe they'll be smaller. But they'll be some more and when it comes to business one thing's for certain. You that your life. Every day and we look at opportunities to grow we have to be real careful that we have to grow the team to run the place this would bar. But there's a whole bunch of people in the boomer era that are getting tired. And would rather play golf and Tucson or Phoenix serve her time teacher or pro area. And so we look for those opportunities that we look at those opportunities here was. And birth some sense that that's a big plus for a local residents. That's because as part of its corporate philosophy. They change it really best point 5% of its annual pretax earnings in area charities. Each August customers can test strike a fleet of luxury cars. For every mile trip and it burned from donate a dollar to breast cancer research. The program well charitable. It's also good for business as folks often return to make a purchase. They might buy a modest instead of a Mercedes but there by instant. But her son doesn't fight the thought of leaving that business. I have no intention of retiring. That's kind of God's plan and my plan I love this business and wanna do but the person who work with they sent him is better at this than I ever that. And so when god takes me these people are Anchorage and and he'll do a better never than he's got a great team around him. By the way Bertram also attributes his relationships with customers and employees. To his Norwegian mother. He firmly believes she taught him how to make people feel good. Thanks for watching the dealer speaks take care.

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