May 1 Ford Motor Co said it would hold a
news conference at 9 a.m. Eastern (1300 GMT), at which CNBC
reported it would confirm the appointment of Chief Operating
Officer Mark Fields as its new chief executive.
A person familiar with the succession plan told Reuters last
month that Ford would soon name Fields to succeed Alan Mulally.
Fields, 53, was named COO in December 2012 and has been seen
as Mulally's successor.
Analysts say Fields will inherit a much stronger company
than Mulally did, one with a highly profitable North American
operation underpinned by the top-selling F-150 large pickup
The company has enjoyed a growing share of China's market,
the world's largest; and a nascent recovery in Europe.
(Writing by Rodney Joyce; Editing by Robin Paxton)