In the third annual Financial Times ArcelorMittal Boldness in Business Awards, FoMoCo’s President and CEO Alan Mulally has been named the Person of the Year.
To be recognized as the Persona of the Year, individuals must challenge the status quo and take calculated risks to drive their company’s business forward in the face of current economic uncertainty. Mulally was commended for the turnaround of Ford to emerge from the financial crisis with sustained profitability. Financial Times also pointed out that Ford as a company did not rely on government bailout and is the most profitable car company in North America.
“This is the third year of the FT ArcelorMittal Boldness in Business Awards and while the market remains undeniably challenging our shortlisted companies and individuals have displayed an inspiring ability to innovate and drive change,” said Lionel Barber, editor, Financial Times. “I would like to congratulate all of the winners for their dedication and boldness in driving their businesses above and beyond the competition.”
– By: Omar Rana