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Alan Mulally

Alan Mulally

Born 1945 · Age 81

American aerospace engineer and manufacturing executive; longtime Boeing executive who became President & CEO of Ford Motor Company (2006–2014) and later served on corporate and academic boards. Credited with Boeing's resurgence and Ford's turnaround during the Great Recession.

Total Events
50
Career Span
79 years
Peak Net Worth
$170,000,000

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Life & Career Timeline

1945Age 0

Born in Oakland, California

Alan Roger Mulally was born in Oakland, California, son of Lauraine Lizette (Clark) and Charles R. Mulally.

8/4/1945Source
Confidence
100%
1962Age 17

Inspired by JFK's moon challenge

At about age 17 Mulally was motivated by President John F. Kennedy's challenge to send a man to the moon, helping shape his interest in aerospace.

1/1/1962Net Worth: $500Source
Confidence
80%
1968Age 23

Earned B.S. in Aeronautical & Astronautical Engineering

Graduated from the University of Kansas with a Bachelor of Science in aeronautical and astronautical engineering.

1/1/1968Net Worth: $5,000Source
Confidence
95%
1969Age 24

Earned M.S. in Aeronautical & Astronautical Engineering

Completed a Master of Science at University of Kansas (aeronautical & astronautical engineering).

1/1/1969Net Worth: $5,000Source
Confidence
95%
1969Age 24

Joined Boeing as an engineer

Hired by Boeing immediately out of college and began a long career in engineering and program management.

1/1/1969Net Worth: $20,000Source
Confidence
95%
1978Age 33

Named Engineer of the Year (Boeing & NSPE)

Recognized in 1978 as Engineer of the Year by Boeing and the National Society of Professional Engineers for contributions at Boeing.

1/1/1978Net Worth: $100,000Source
Confidence
80%
1981Age 36

Led cockpit design for 757/767 program

Led the cockpit design team for the 757/767 program, producing the first all-digital commercial flight deck and common type rating across models.

1/1/1981Net Worth: $300,000Source
Confidence
75%
1982Age 37

Earned Sloan Master's in Management (MIT)

Completed a Master's in Management (S.M.) as an Alfred P. Sloan Fellow at MIT Sloan School of Management.

1/1/1982Net Worth: $500,000Source
Confidence
95%
1992Age 47

VP & General Manager, Boeing 777 program

Served as director of engineering and, from September 1992, vice president and general manager of the 777 program.

9/1/1992Net Worth: $1,500,000Source
Confidence
90%
1994Age 49

Promoted to Senior Vice President, Airplane Development

Oversaw airplane development activities, flight test operations, certification, and government technical liaison for Boeing Commercial Airplanes.

1/1/1994Net Worth: $3,000,000Source
Confidence
90%
1995Age 50

Boeing 777 team awarded Collier Trophy

The 777 program received the Robert J. Collier Trophy for the greatest achievement in aeronautics and astronautics (Mulally as leader of the program team).

1/1/1995Net Worth: $4,000,000Source
Confidence
85%
1997Age 52

President, Boeing Information, Space & Defense Systems

Appointed president of Boeing Information, Space & Defense Systems and senior vice president of The Boeing Company (Feb 1997).

2/1/1997Net Worth: $6,000,000Source
Confidence
90%
1998Age 53

Named President, Boeing Commercial Airplanes

Became president of Boeing Commercial Airplanes (Sept 1998), later adding CEO duties in 2001.

9/1/1998Net Worth: $10,000,000Source
Confidence
95%
2001Age 56

Acquired CEO duties for Boeing Commercial Airplanes

Chief executive officer duties for Boeing Commercial Airplanes were added (March 2001).

3/1/2001Net Worth: $15,000,000Source
Confidence
90%
2003Age 58

Passed over as CEO of The Boeing Company (post-Condit)

After Phil Condit's forced resignation, Mulally was a leading internal candidate but was passed over for the top Boeing job.

1/1/2003Net Worth: $16,000,000Source
Confidence
85%
2005Age 60

Passed over again after Stonecipher resignation

Considered but again passed over internally for Boeing CEO when Harry Stonecipher left in 2005; this precipitated questions about his future at Boeing.

1/1/2005Net Worth: $18,000,000Source
Confidence
85%
2005Age 60

Boeing Commercial Airplanes: $22.6B in new business sales (by 2005)

Under Mulally's leadership Boeing Commercial Airplanes generated $22.6 billion in new business sales by 2005, marking a strong commercial performance.

1/1/2005Net Worth: $20,000,000Source
Confidence
80%
2006Age 61

Named Aviation Week & Space Technology Person of the Year

Aviation Week & Space Technology named Mulally its Person of the Year for 2006 in recognition of his performance at Boeing.

1/1/2006Net Worth: $22,000,000Source
Confidence
90%
2006Age 61

Ford borrows by mortgaging assets ($23.6B)

Under Mulally's leadership Ford borrowed US$23.6 billion in 2006 by mortgaging virtually all of its assets to create a financial cushion before the recession.

1/1/2006Net Worth: $50,000,000Source
Confidence
95%
2006Age 61

Took over 'The Way Forward' restructuring

Adopted and advanced Ford's 'The Way Forward' restructuring plan to reduce losses and return the company to profitability.

1/1/2006Net Worth: $50,000,000Source
Confidence
90%
2006Age 61

Named President & CEO of Ford Motor Company

Named president and chief executive officer of Ford Motor Company, succeeding Bill Ford (Sept 5, 2006).

9/5/2006Net Worth: $45,000,000Source
Confidence
95%
2007Age 62

Rolled out 'One Ford' strategy

Consolidated Ford's global strategy under the One Ford plan to simplify products, platforms and global operations (One Ford rollout and focus on global nameplates).

1/1/2007Net Worth: $55,000,000Source
Confidence
90%
2007Age 62

First profitable quarter in two years

Mulally's cost-cutting and restructuring initiatives led Ford to post its first profitable quarter in two years.

1/1/2007Net Worth: $60,000,000Source
Confidence
85%
2007Age 62

Sold Jaguar and Land Rover to Tata Motors

Oversaw the sale of Jaguar Cars and Land Rover to Tata Motors; Ford received approximately US$2.3 billion.

1/1/2007Net Worth: $62,000,000Source
Confidence
95%
2007Age 62

Sold Aston Martin (divestiture)

Oversaw sale of Aston Martin as part of refocusing Ford on core brands and financing the turnaround.

1/1/2007Net Worth: $64,000,000Source
Confidence
80%
2008Age 63

Reduced Ford stake in Mazda

Reduced Ford's equity stake in Mazda as part of portfolio simplification and capital-raising measures.

1/1/2008Net Worth: $66,000,000Source
Confidence
80%
2008Age 63

Sold corporate jets; traveled to hearings by Ford hybrid

Responded to criticism over corporate jets by selling most of Ford's jets and traveling to Washington hearings by a Ford hybrid vehicle.

1/1/2008Net Worth: $66,500,000Source
Confidence
85%
2008Age 63

Total compensation reported for 2008

Mulally's reported total compensation for 2008 was $13,565,378 (base salary, stock awards, options included).

1/1/2008Net Worth: $70,000,000Source
Confidence
90%
2008Age 63

Testified before U.S. Congress on auto industry loans

Spoke to Congress in favor of government loans for General Motors and Chrysler, emphasizing the impact on parts suppliers and the economy.

1/1/2008Net Worth: $70,000,000Source
Confidence
85%
2008Age 63

Public $1 salary pledge if bailout used

Announced a proposal that his salary would be reduced to $1 per year if government loans were taken and used by Ford (Dec 2, 2008).

12/2/2008Net Worth: $66,000,000Source
Confidence
90%
2009Age 64

Included in Time 100 list

Named to Time magazine's 'Time 100' list of most influential people (entry by Steve Ballmer).

1/1/2009Net Worth: $80,000,000Source
Confidence
90%
2009Age 64

Negotiated UAW labor agreements

Negotiated agreements with the United Auto Workers that helped reduce effective labor costs (cited reduction from ~$76/hr to ~$55/hr).

1/1/2009Net Worth: $82,000,000Source
Confidence
80%
2010Age 65

Ford posts $2.9B pre-tax operating profit

Ford earned a pre-tax operating profit of $2.9 billion in 2010, a major turnaround from earlier losses.

1/1/2010Net Worth: $90,000,000Source
Confidence
90%
2010Age 65

Served on the President's Export Council

Served on the President's Export Council (formed in 2010) advising President Obama on export enhancement.

1/1/2010Net Worth: $92,000,000Source
Confidence
85%
2010Age 65

Unveiled Ford Focus Electric at Detroit motor show

Oversaw launch/unveiling of the Ford Focus Electric (global EV product introductions at Detroit auto show highlighted under his tenure).

1/1/2010Net Worth: $92,500,000Source
Confidence
75%
2011Age 66

Financial Times ArcelorMittal Boldness in Business Award (Person of the Year)

Named Person of the Year by the Financial Times ArcelorMittal Boldness in Business Awards in recognition of his leadership at Ford.

1/1/2011Net Worth: $100,000,000Source
Confidence
90%
2011Age 66

Named Chief Executive Magazine 'CEO of the Year'

Recognized by Chief Executive magazine as its CEO of the Year.

1/1/2011Net Worth: $102,000,000Source
Confidence
85%
2011Age 66

Edison Achievement Award

Honored with an Edison Achievement Award for his commitment to innovation throughout his career.

1/1/2011Net Worth: $103,000,000Source
Confidence
85%
2012Age 67

Awarded Honorary Doctor of Science (University of Kansas)

Received an honorary Doctor of Science degree from the University of Kansas for contributions to engineering and transportation.

1/1/2012Net Worth: $105,000,000Source
Confidence
90%
2012Age 67

American Icon: biography published

The book 'American Icon: Alan Mulally and the Fight to Save Ford Motor Company' by Bryce G. Hoffman was published in 2012 chronicling his Ford turnaround.

1/1/2012Net Worth: $106,000,000Source
Confidence
95%
2012Age 67

Announced to stay at Ford through 2014

Ford announced that Mulally would remain as CEO at least through 2014 (announcement Nov 1, 2012).

11/1/2012Net Worth: $108,000,000Source
Confidence
90%
2013Age 68

Reported to be exploring earlier exit

Reports surfaced that Mulally might step down earlier than 2014 as he explored other roles; board reportedly sympathetic (Sept 2013 reporting).

1/1/2013Net Worth: $110,000,000Source
Confidence
75%
2014Age 68

Retired as President & CEO, Ford Motor Company

Mulally retired from Ford on July 1, 2014; succeeded by Mark Fields.

7/1/2014Net Worth: $140,000,000Source
Confidence
90%
2014Age 68

Appointed to Board of Directors, Google (Alphabet)

Appointed to the Board of Directors of Google/Alphabet (reported July 15, 2014). He later left the board by 2024.

7/15/2014Net Worth: $142,000,000Source
Confidence
95%
2015Age 70

Inducted into International Air & Space Hall of Fame

Inducted into the International Air & Space Hall of Fame at the San Diego Air & Space Museum (2015).

1/1/2015Net Worth: $145,000,000Source
Confidence
90%
2015Age 70

Joined board of Carbon3D (3D-printing startup)

Joined the board of Carbon3D, a 3D printing company (noted in Franklin Institute biography).

1/1/2015Net Worth: $147,000,000Source
Confidence
80%
2016Age 71

Considered for U.S. Secretary of State (report)

Reportedly considered for Secretary of State in the incoming Trump administration (position ultimately filled by Rex Tillerson).

1/1/2016Net Worth: $150,000,000Source
Confidence
70%
2016Age 70

Senior Fellow, Seattle University Albers School of Business

Became a senior fellow at Seattle University's Albers School of Business (April 2016).

4/1/2016Net Worth: $148,000,000Source
Confidence
90%
2017Age 72

Bower Award for Business Leadership (Franklin Institute)

Honored with the Bower Award for Business Leadership (Franklin Institute) in recognition of a transformative career in aeronautics and automotive industries.

1/1/2017Net Worth: $155,000,000Source
Confidence
90%
2024Age 79

No longer on Alphabet/Google board (by 2024)

Reported that Mulally had left the Board of Directors of Alphabet (Google) by 2024.

1/1/2024Net Worth: $170,000,000Source
Confidence
75%