Unlike the typically rich people with a background in economics, marketing, or such, Alan Mulally is an aerospace engineer, as well as a manufacturing executive. Because of his aeronautical background and experience, Mulally worked at Ford Motor Company and proved himself to be a valuable asset to them. He started working in the company in 2006, where he worked as the President and CEO. In the late 2000s, the company was struggling to run in business, and it is said that Mr. Mulally is the one who saved Ford. However, 2014 was the last of when Alan Mulally worked for Ford. After Ford, he joined Google as a member of its Board of Directors.
Mulally has also worked for Boeing as its executive vice president. He was also the CEO of Boeing Commercial Airplanes (BCA), having started his career there in 1969. He had pulled BCA out of a financial crisis as well.
Due to these and numerous other achievements Alan Mulally has made, he has received recognition for it all too, one of which is being ranked no.3 on Fortune’s List of “World’s Best Leaders.”
Alan Mulally Net Worth
|CURRENT NET WORTH||Job Title||Salary At FORD||Source of Wealth|
|$5 Million USD||Former President and CEO of Ford Motor Company, Member of the Board of Directors of Google||$138,740Base salary - $13.5 Million|
Bonuses - $30.8 Million
|Ford assets, Google|
Ford’s save has been a crucial part of Alan Mulally’s career. Such a rescue has gained him immense popularity, as a result of which, he has been at the top of several rankings. Safe to say, Ford was the highlight of his career. With other successes adding up like the ones with Boeing Commercial Airplanes, Alan Mulally has landed himself a hefty net worth value.
Frequently Asked Questions
What did Alan Mulally do for Ford?
Alan Mulally joined Ford as its President and CEO, and he had a major hand in converting the company into one of the largest automakers in the world. In 2006, when Mulally joined Ford, it was on the verge of losing $17 billion. He was able to bring about a turnaround by focusing on the organizational culture, by pushing a vision and a strategy for achieving their mission. He also strictly exercised his plans for profitability for stakeholders.
What type of leader is Alan Mulally?
Given the man’s history at Boeing Commercial Airplanes and Ford Motor Company, some of the largest companies in the world, Alan Mulally is considered to be a ‘transformational leader’. He was able to identify weaknesses and limitations along with his employees and created changes with them and implemented them himself and inspired others to do the same.