Ford to hold conference call, may reveal CEO plan

DETROIT -- Ford has scheduled a conference call for Thursday morning and may announce a succession plan for CEO Alan Mulally.

The automaker's board has been discussing what to do when the 67-year-old Mulally decides to retire.

Many in the company expect Americas President Mark Fields to be promoted to Chief Operating Officer, a step that prepares him to take over for Mulally.

Ford Motor Co. spokesman Jay Cooney would not say what the conference call is about.

An advisory put out by Ford says that both Mulally and Executive Chairman Bill Ford Jr. will take part in the call.