William Clay Ford Junior

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William Clay Ford Junior (born May 3, 1957 in Detroit , Michigan ) is chairman of the Ford Motor Company .

family

He was born in Detroit as the great-grandson of Henry Ford . Henry Ford was an American industrialist and businessman and the founder of the Ford Motor Company . His father is William Clay Ford Sr. and his mother is Martha Parke Firestone , the granddaughter of Harvey Firestone . He is married to Lisa Ford, b. Vanderzee, with whom he has four children. He lives with his family in Ann Arbor , Michigan .

Early career

He graduated from Princeton University in 1979 and received an MBA in Management from the MIT Sloan School of Management in 1984 . He joined Ford Motor Company in 1979 and has held a variety of positions beginning in finance, the compulsory subject for future executives.

He then spent several years in middle management in product development. He also headed the climate control department after Ford had made parts of the company independent as a subsidiary Visteon and the function was no longer covered. At the time of the so-called Ford 2000 reorganization , he was responsible for the heavy truck division.

Corporate governance

Bill Ford left his senior position in heavy truck product management to become chairman of the finance committee, a non-executive corporate management position he held for several years before becoming chairman of the group. He was also chairman of the board of directors for a while, before Jacques Nasser was ousted. This reflected significant differences in views of corporate values. Nasser was known for prioritizing profit maximization and shareholder value, while Bill Ford was known for valuing people and traditions.

social commitment

Bill Ford was already making a name for himself when he was only chairman and not general manager. When an explosion took place in the Ford Rouge power station on February 1, 1999, killing some Ford employees, Bill Ford rejected the advice of his advisors and hurried from the company's headquarters, the so-called Ford World Headquarters, to the scene of the accident. One of his co-workers said, "Generals do not go to the front" , Bill Ford replied: "Then demote me to a soldier" . After his rounds, he gave an emotional report of the accident to television crews waiting in the street.

In 2004 and 2005, Bill Ford canceled portions of his performance-based stock bonus in order to donate them to educational foundations for the benefit of employees and for charitable purposes.

Individual evidence

1. ^ Henry Ford | Biography, Education, Inventions, & Facts. Retrieved October 17, 2019 .