Struggling US auto giant Ford Motor Co Has announced it was naming former Boeing executive Alan Mulally as its new president and chief executive, with family heir Bill Ford keeping the post of executive chairman.
Mulally, 61, has been president and chief executive officer of Boeing Commercial Airplanes since 2001.
"Mulally led the turnaround of the commercial airplane division of The Boeing Company," the US automaker said in a statement.
"He has a record of success in customer satisfaction, manufacturing, product development, labour relations and supplier management."
The company statement said Bill Ford, as executive chairman, "will concentrate efforts on strategic repositioning of Ford Motor Company."
The move came, as Ford was moving to accelerate its turnaround in the face of widening losses and declining sales in the US market.