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Scholarships will honor former Ford Motor Company CEO Alan Mulally’s
background and expertise in science and engineering
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Ford Motor Company Fund will administer $10,000 scholarships annually
to 10 outstanding sophomore or junior engineering students working
toward degrees in the automotive field at premier partner universities
around the world
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Scholarships support Ford education efforts to build a new generation
of leaders in the fields of science, technology, engineering and math
(STEM)
Company Website:
http://corporate.ford.com/
DEARBORN, Mich. -- (Business Wire)
Ford Motor Company today announced the Alan Mulally Leadership in
Engineering Scholarship, a $1 million program that honors the company’s
former CEO by providing financial assistance to outstanding students
pursuing degrees in the field of automotive engineering.
“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.”
Mulally joined Ford in September 2006 and served as president, CEO and a
board member until his retirement on June 30. He guided the company in
bringing everyone together to work on a compelling vision, through a
comprehensive strategy and relentless implementation of the One Ford
plan to drive profitable growth for all Ford stakeholders.
The Alan Mulally Leadership in Engineering Scholarship program will
award 10 one-time $10,000 scholarships each year to outstanding
sophomore or junior engineering students at premier partner universities
around the world. The program will run for 10 years starting in spring
2015. Funding for the program will consist of $500,000 from Ford Motor
Company and $500,000 from Ford Motor Company Fund, the company’s
philanthropic arm.
Ford Fund will manage the program as part of its global Ford
Blue Oval Scholars initiative. Scholarship winners will be connected
with the company’s corporate science, technology, engineering and math
(STEM) strategic initiative, which is building a new generation of
leaders in these key disciplines. Ford will work directly with its
partner universities to identify scholarship recipients.
Ford believes education is the cornerstone for a brighter future. This
has been a primary focus of Ford Fund since it was established in 1949.
Last year, Ford Fund contributed $8.5 million – more than 30 percent of
its annual giving – to education programs.
About Ford Motor Company Fund and Community Services
Ford Motor Company Fund and Community Services works with community
partners to advance driving safety, education and community life. Ford
Motor Company Fund has operated for more than 60 years with ongoing
funding from Ford Motor Company. Ford Driving Skills for Life teaches
new drivers through a variety of hands-on and interactive methods.
Innovation in education is encouraged through programs that enhance high
school learning and provide college scholarships and university grants.
Through Ford Volunteer Corps, more than 25,000 Ford employees and
retirees each year work on projects that better their communities in 30
countries. For more information, visit http://community.ford.com.
For news releases, related materials and high-resolution photos and
video, visit www.media.ford.com.
Follow
at www.facebook.com/ford,
www.twitter.com/ford
or www.youtube.com/fordvideo1
Contacts:
Ford Motor Company Fund
Todd Nissen, 313.322.4898
tnissen@ford.com
Source: Ford Motor Company
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