Ford CEO Alan Mulally Set to Retire

Ford CEO Alan Mulally will retire in two months.

Mulally is credited with saving the company from financial ruin. He was hired away from Boeing in 2006, and carried Ford through the recession. Ford was the only auto company of the "Big Three" that did go into bankruptcy protection. Since then he's seen 19 straight profitable quarters.

Chief Operating Officer, Mark Fields, will take over on July 1. Fields joined the company in 1989 and has been running daily operations since December of 2012.