Ford CEO named Aviation Week's Person of Year

Thus far I have been a big fan of Ford's new CEO and President, Alan Mulally. True, Mr. Mulally has only been CEO of Ford since September, but I say he's off to a great start. Moreover, if the past is any indication of the future, then Ford is poised for big things. Because of Mr. Mulally's past success at Boeing, he was named Person of the Year by Aviation Week & Space Technology. As CEO of Boeing Mulally "was responsible for all of the company's commercial airplane programs and related services, which in 2005 generated record orders for new business and sales of more than $22.6 billion." (more)

Last week I suggested that Ford stock might be a buy based on discussions Mulally, a disciple of efficiency, had with Toyota. Consequently, I think good things can be expected from Ford in the near future, in both automotive production efficiency and fuel efficiency. Sure, it will take a couple of years to see any real results, but if anyone can achieve results, Mulally seems to be the person. Moreover, I'll bet there will be some bold move announcements coming from Ford in the next couple of months regarding hybrid cars and other fuel efficient technologies.