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Britain weighing gasoline price-fixing probe of BP, Shell, Statoil
DEARBORN, Mich., Feb. 15 (UPI) -- Ford Motor Co., said Friday that founder Henry Ford's great, great granddaughter Elena Ford had been elected a vice president of the company.
Elena Ford, currently director of marketing operations, will oversee global standardization of best practices focusing on dealer and customer experiences with the company.
The Detroit Free Press reported Friday that the promotion raises the number of company executives to 38.
Ford's promotion is also noteworthy as she is the first female in the family to obtain such a high ranking in the company. She is also the first family member to become a corporate officer since Bill Ford became vice president of commercial trucks in 1994.
Bill Ford has since become the executive chairman, having relinquished many of his duties to Alan Mulally, when he was hired in 2006 to run the company.
Another family member, Edsel Ford, is on the board of directors. Family members as a group also have veto power over board decisions, given they own a controlling interest of company shares.
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| Additional Business News Stories | |
BUENOS AIRES, May 21 (UPI) --
To the joy of neighboring rivals, Argentina's beef exports are dwindling and traders blame government policies.
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MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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