Executive Business Briefing

Here is a look at some of Tuesday's top business stories.

Ford to settle age and race suits

DETROIT, Dec. 18 (UPI) -- When William Clay Ford Jr. succeeded Jacques Nasser as chief executive officer at Ford Motor Co. at the end of October, he said he was personally upset that mid

Washington Agenda - Federal Agencies

WASHINGTON, Dec. 3 (UPI) -- For content questions, call 202-898-8291
By United Press International

Suppliers: Ford hard to deal with

DETROIT, Nov. 23 (UPI) -- A new survey indicates parts suppliers rank Ford Motor Co. the worst automaker with which to do business because of a lack of communication between engineering

Ex-Ford boss gets retirement perks

DETROIT, Nov. 15 (UPI) -- When Ford Motor Co. Chairman William Clay Ford Jr. ousted president and Chief Executive Officer Jacques Nasser Oct. 29, Nasser left with a golden parachute of s

Lutz named GM's North American president

DETROIT, Nov. 13 (UPI) -- Bob Lutz, Chrysler's product visionary who joined General Motors as vice president of product development in September, Tuesday was named chairman of GM North A

Executive Business Briefing

Here is a look at some of Tuesday's top business stories:

A Ford back in the driver's seat at Ford

DETROIT, Oct. 30 (UPI) -- Ford Motor Co. head Jacques Nasser resigned Tuesday and was replaced in a senior management shakeup by Chairman William Clay "Bill" Ford Jr., the great-grandson

Executive Business Briefing

Here is a look at some of Tuesday's top business stories:

Ford's Nasser to leave

DETROIT, Oct. 30 (UPI) -- Ford Motor is expected to announce Tuesday that Chief Executive Officer Jacques Nasser is stepping down and will be replaced by company Chairman Bill Ford. Jr.
Page 7 of 7
Bill Ford
DET2002011103- 11 JANUARY 2002- DEARBORN, MICHIGAN, USA: Ford Motor Company executives (LtoR), Martin Inglis, Ford CFO & group vice -president; Bill Ford, Ford Chairman & CEO, Nick Scheele, president and chief operating officer and Jim Padillo, Group vice- president address the media regarding Ford's future plans. Ford announced that five U.S. plants will close, eliminating 37 thousand jobs, worldwide. The company will also discontinue four current models. bg/Ford Motor Company UPI.

William Clay "Bill" Ford Jr. (born May 3, 1957 in Detroit, Michigan), is the great-grandson of Henry Ford, and serves as the executive chairman of Ford Motor Company, Ford also served as the President, CEO, and COO until turning over those roles to former Boeing executive Alan Mulally in September 2006. Ford is also the Vice Chairman of the Detroit Lions NFL franchise.

Ford was born in Detroit, Michigan, the great-grandson of both Henry Ford and Harvey Firestone. His father is William Clay Ford, Sr., and his mother is Martha Firestone. On his mother's side his grandparents are Harvey S. Firestone, Jr. and Elizabeth Parke Firestone. On his father's side his grandparents are Edsel Bryant Ford and Eleanor Lowthian Clay. Edsel Ford II, son of Henry Ford II and also a board member, is Bill's cousin. Bill has three sisters: Martha Morse (who has 3 children), Shelia Hamp (who has 3 children), and Elizabeth Kontulis. Bill attended the Hotchkiss School in Connecticut and went on to graduate from Princeton University in 1979, having majored in history and served as president of The Ivy Club. He played on the Princeton rugby team as well. In 1984 he received an S.M. in Management as a Sloan Fellow from the MIT Sloan School of Management. He is married to Lisa Vanderzee, and they have four children, all living in Ann Arbor, Michigan.

He joined Ford in 1979 and 1981 held a variety of positions, beginning in product development and on the financial staff, a grooming ground for future executives. He served several years as a mid-ranking executive in product development. He also briefly headed the Climate Control Division (since divested from the company as part of the Visteon spinoff). At the time of the Ford 2000 reorganization, he was in charge of heavy truck operations.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Bill Ford."
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