Mark Fields Succeeds Alan Mulally as Ford CEO

July 1 will bring one of the biggest tran­si­tions Ford Motor Co. has expe­ri­enced in years – but don’t expect to see many changes, short of who gets the best park­ing spot in the under­ground garage at Glass House, the automaker’s sub­ur­ban Detroit head­quar­ters. In what was arguably the worst-kept indus­try secret in some time, Ford offi­cial­ly con­firmed that the 68-year-old Alan Mulal­ly well retire as CEO and hand the reins over to his hand-picked pro­tégé, Mark Fields at the mid-year mark.

And in both their Thurs­day morn­ing news con­fer­ence, as well as sub­se­quent inter­views with , the two exec­u­tives repeat­ed­ly sound­ed the same phrase to describe the “smooth and order­ly” tran­si­tion to come.

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