Ford Announces Alan Mulally Scholarship Fund
Scholarship Will Kickoff Spring 2015, Run for 10 Years
There’s little question that Alan Mulally will go down in the history of the Ford Motor Company as one of its most transformative CEOs. Through the dark days of Detroit, which saw General Motors and Chrysler undergo bankruptcy and restructuring, Mulally’s foresight in the financial markets and rationalization and restructuring of the company’s worldwide divisions and assets have made Ford stronger and healthier than ever. To honor his legacy at the company, Ford has created the Alan Mulally Leadership in Engineering Scholarship.
The scholarship will select 10 outstanding college sophomore or junior engineering students that are pursuing degrees related to the automotive field to receive $10,000. Ford will work with its partner universities around the world, and the scholarship will be administered through the Blue Oval Scholars initiative. The Mulally scholarship will kickoff in Spring 2015 and will run for 10 years. The $1 million funding for the scholarship initiative came from $500,000 donations from the Ford Motor Company and the Ford Motor Company Fund, the company’s philanthropic arm.
Mulally holds bachelor’s and master’s degrees from the University of Kansas in Aeronautical and Astronautical Engineering. He also holds a master’s degree in Management from the Massachusetts Institute of Technology. He worked for more than 35 years at Boeing in engineering and executive roles before becoming Ford CEO in 2006.