Event:
Ford Motor Company CEO Alan Mulally, will retire in July and be replaced by Mark Fields; Mulally restored profitability and distinguished the company as the only Big Three automaker to refuse government bailouts during the 2008-2009 recession
More Notable Events on May 1:
1997 Toni Blair elected Prime Minister of U.K.
1989 Disney's MGM Studio theme park officially opens to public
1963 1st American, James Whittaker, conquers Mount Everest
1937 Franklin D. Roosevelt signs act of neutrality
1931 Empire State Building opens in New York City
