"Alan Mulally has done a fantastic job, and you've seen the results every quarter," Ford told shareholders at the meeting in Wilmington, Del., Thursday.
"He's done it quicker than I thought he would," Ford said.
The company's turnaround was evident in its 2008 first quarter report, when it posted a net income of $100 million, compared with a net loss of $282 million one year ago, The Detroit News reported.
Megyn Kelly: Santa Claus and Jesus are both white men
Ohio crash that killed two caught on camera [VIDEO]