that slight selloff, ford motors made big headlines today announcing who will take over for ceo alan m mullalyn he steps down exactly two months from today. phil lebeau has more on what lies ahead for ford. >> a big day in the auto industry as ford motor company announced the succession plans for alan mullaly who steps down july first, and will be replaced by ceo mark fields, who says he has no plans to alter ford's business plan in the near future. >> our one ford plant has served us so well over the years and will continue to serve us well. >> field has run the day to day operations at ford since late 2012. but why did ford finally decide he was the person who should replace mullaly? the chairman 1ed it was all about finding the right person inside and outside ford. >> i have to make sure we're looking for the best talent. but really i kept coming back to mark because we thought he was a great candidate. he has grown tremendously as an executive. and as i said, really importantly he is part of the culture of ford that i think is so positive. as for outgoing ceo ford alan mullaly, he is focus