Ford establishes Mulally Scholarship
$1 million fund honors retired CEO
Eric Kaminsky - July 10, 2014 02:13 PM
Retired Ford CEO Alan MulallyPhoto: Ford Motor Company
Ford Motor Company has established the Alan Mulally Leadership in Engineering Scholarship to honor its recently retired CEO.
The $1 million program will award $10,000 one-time scholarships annually to 10 outstanding sophomore or junior engineering students working towards degrees in the automotive field at premier partner universities around the world, the company noted.
It recognizes Mulally’s background and expertise in science and engineering; he was CEO of Boeing prior to joining Ford in September 2006. It continues Ford’s support of education in the areas of science, technology, engineering and math.
“Alan’s engineering background and data-driven decision making paved the way for the extraordinary leadership he provided at Ford,” said Ford Executive Chairman Bill Ford. “We are honoring his legacy by providing scholarships to students who demonstrate the strong engineering ability that is required to develop into the next generation of leaders for our industry.”
The program begins in the spring of 2015 and will run for 10 years, administered by the Ford Fund. Money for the scholarship will consist of $500,000 from Ford Motor Company and $500,000 from the Ford Motor Company Fund, the firm’s philanthropic organization. The program will be part of the Ford Blue Oval Scholars Initiative.