Ford's CEO Transition Won't Change Its Biggest Problem
By Phil LeBeau, CNBC Correspondent
NEW YORK ( CNBC) -- Did you see the market's reaction to news reports on Tuesday afternoon of the Ford board of directors discussing a successor to CEO Alan Mulally?
It was a collective yawn. That's not a commentary on the possibility Ford may move Mark Fields into the job of COO and essentially put him in position to ultimately replace Mulally. (Read More: Ford's Board May Consider CEO Succession Thursday.)
No, the fact shares of Ford (F) stay stuck in the mud like an old F-150 is because investors know two things:
- Most on Wall Street have expected for some time that Fields will be Ford's next CEO.
- This management transition doesn't solve Ford's biggest problem, Europe. Sure, as COO Fields will likely take a more involved role in running Ford's European operation.
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--Written by Phil LeBeau at CNBC
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