(WXYZ) - Ford announced Thursday that President and CEO Alan Mulally will remain as such through at least 2014.
The announcement came via conference call from Ford's Executive Chairman Bill Ford.
At the same time, Mark Fields will begin as the company's new chief operating officer effective December 1.
"Today marks an important next step in the profitable growth of the Ford Motor Company and the appointment of key leaders who will help us continue to make progress on our One Ford plan," Bill Ford said. He went on to say "We are fortunate to have Alan's continued leadership as well as talented senior leaders throughout our company who are developing and working together and delivering on our plan."
Mulally will continue leading the long-term strategic development while Fields will be responsible for all business operations.
Ford Motor Co. made several other leadership announcements, also effective Dec. 1:
-Joe Hinrichs is named executive vice president and president of The Americas
-Stephen Odell is named executive vice president and president of Europe, Middle East and Africa
-Jim Farley is named executive vice president of Global Marketing, Sales and Service and Lincoln
-David Schoch is named group vice president and president of Asia Pacific
-John Lawler is elected a Ford Motor Company vice president and named chairman and CEO of Ford Motor China