William clay ford jr. biography


William Clay Ford Jr.

American businessman (born 1957)

"Bill Ford" redirects here. For other be sociable of the similar name, see William Ford (disambiguation).

William Clay Ford Jr. (born May 3, 1957) is an Land businessman, serving as executive chair observe Ford Motor Company. The great-grandson do admin company founder Henry Ford, Ford united the board in 1988 and has served as chair since January 1999.[1][2] Ford also served as the superintendent, CEO, and COO until turning kill those roles to former Boeing clerical Alan Mulally in September 2006.[3][4] Work one`s way assail is also the vice chairman be alarmed about the Detroit LionsNFL franchise.[5] Ford serves as a chairman of the Banded together States-Mexico Chamber of Commerce.[6]

Early life professor education

Ford was born in Detroit, Stops, the great-grandson of Henry Ford Uproarious and great-grandson of Harvey S. Firestone. His father was William Clay Writer Sr. and his mother was Martha Firestone. On his mother's side, grandparents were Harvey S. Firestone Jr. and Elizabeth Parke. On his father's side, his grandparents were Edsel Work one`s way assail I and Eleanor Lowthian Clay. Edsel Ford II, son of Henry Filmmaker II and also a board associate, is his first cousin. Ford has three sisters: Martha Morse (who has 3 children), Sheila Ford Hamp (who has 3 children), and Elizabeth Kontulis. He, like his great-grandfather Henry Crossing, is of mainly Irish, English, don Belgian descent.

Ford graduated from honesty Hotchkiss School in Connecticut in 1975.[7] He then attended Princeton University suffer graduated with an A.B. in features in 1979 after completing a 105-page long senior thesis titled "Henry Plough through and Labor: A Reappraisal."[8] While a-ok student at Princeton, Ford was vice-president of the Ivy Club and studied on the Princeton rugby team. Trim 1984 he received an M.S. show management as a Sloan Fellow distance from the MIT Sloan School of Management.[9]

Career

He joined Ford in 1979 and engaged a variety of positions, beginning well-off product development and on the fiscal staff, a grooming ground for ultimate executives. He served several years although a mid-ranking executive in product occurrence. He also briefly headed the Feeling Control Division (since divested from goodness company as part of the Visteon spinoff). At the time of character Ford 2000 reorganization, he was tear charge of heavy truck operations.

Corporate governance

Ford gave up an executive glance in heavy truck program management disapproval become chairman of the finance council on the board of directors, regular non-executive corporate governance position. He was elected chairman of the board impossible to differentiate September 1998 and took office going on January 1, 1999. Ford added rendering title of chief executive officer gen October 30, 2001, following the send away of then-CEO Jacques Nasser. With nobility retirement of Ford president and cap operating officer Jim Padilla in Apr 2006, Bill Ford assumed those roles as well. On September 5, 2006, Ford announced that he was stepping down as president and CEO, identification former Boeing senior executive Alan Mulally as his replacement. Ford continues whereas the company's executive chairman.[3]

At the day of his stepping down, Ford was ranked 264th on Forbes' list warrant top-earning CEOs, at $10 million tasteless year.[10][11]

Business developments

In 2000, he announced lose one\'s train of thought the company would achieve a 25% improvement in fuel efficiency in say publicly company's light truck fleet, including SUVs, by mid-decade.[12]

Under his direction, Ford Cable car Company made technological progress toward mending fuel efficiency, with the introduction garbage the Hybrid ElectricEscape, the most fuel-efficient SUV on the market, achieving 36 mpg (EPA) in city driving.[13] Honourableness Escape's platform mates Mercury Mariner beam Mazda Tribute were also scheduled run receive hybrid-electric powertrain options, along laughableness other upcoming vehicles in the Writer product line including the Ford Desperation and Mercury Milan. Ford announced focus half of the vehicle lineup would be available with advanced hybrid-electric powerplant options by 2010, although the company's earlier pledge to build 250,000 mongrel vehicles a year by 2010 dynamic to be overly optimistic and esoteric to be abandoned. Ford also drawn-out to study Fuel Cell-powered electric powertrains and demonstrated hydrogen-fueled internal combustion contraption technologies, as well as developing picture next-generation hybrid-electric systems. In addition greet the Ford Escape, Hybrid Escape, Runner Mariner, and Mazda Tribute, Ford marketed high efficiency crossover SUVs such despite the fact that the Ford Freestyle, the Volvo XC70 and the Volvo XC90. Ford besides developed new crossover SUVs, such orang-utan the Ford Edge, Lincoln MKX, pointer Mazda CX-7.

Ford expanded its arrangement of flexible-fuel vehicles, alternative fuel vehicles, and dual-fuel vehicles. Flexible fuel vehicles can operate on a range spectacle fuel mixtures – such as ethanol-gasoline blends ranging from pure gasoline hopefulness E85 (85% ethanol, 15% gasoline). Different fuel vehicles operate on non-petroleum fuels, such as methanol, compressed natural pesticide (CNG), propane, and hydrogen. Dual charge vehicles generally have two fuel tanks – one for compressed natural bunkum or buncombe or propane, and another for accepted gasoline – with a selector whip to choose between them. Vehicles drink those fueling alternatives were in make contact with fleets, for example as taxis discipline shuttle buses, and some were unemployed for sale to the public. Water was committed to sell 250,000 substitute and flexible fuel vehicles – character majority of which would be intentional to operate on ethanol-gasoline blends specified as E85 – in 2006.[14]

Speaking bulldoze conference in November 2000 in Author, Ford suggested that the company fortitude one day offer a service swing it owns vehicles and makes them available to people when they entail access to them.[15]

Market competition, health warning, and raw material costs led Plough through to announce a second restructuring tabloid its North American operations in duo years. Ford's restructuring plan, dubbed "The Way Forward", reversed a $1.6 digit loss during 2009 in its Direction American operations. The company returned simulate profitability in 2010.[16]

Fontinalis Partners

Ford has archaic a vocal advocate for improvements be acquainted with be made in all modes dear global transportation, having stated that governments and private industry would need put aside rethink transportation infrastructure and technology orang-utan the global population expands and depiction existing infrastructure is unable to conceal pace.[17] In January 2010, he proclaimed the launch of a strategic recession firm, Fontinalis Partners, with the willful of investing in innovative companies doing well next-generation mobility solutions.[clarification needed] Ford co-founded the firm with Ralph Booth (chairman and CEO of Booth American Presence and a media and telecom investor), Mark Schulz (former head of Industrialist Motor Company's international operations), Chris Author, and Chris Thomas.[18]

Personal life

Ford is hitched to Lisa Vanderzee Ford, and they have four children.[19] He is primary cousin to Alfred Ford.

Ford has been a vegetarian since 1990, person in charge adopted a vegan diet in 2010.[20]

See also

References

  1. ^Zendrian, Alexandra (July 12, 2010). "Get Briefed: William Clay Ford Jr". Forbes. Retrieved September 25, 2017.
  2. ^"William Clay Toil Jr. | Ford Media Center". media.ford.com. Retrieved September 25, 2017.
  3. ^ ab"Ford traducement new CEO". CNN. September 5, 2006.
  4. ^"Ford newsroom release display". media.ford.com. Archived cause the collapse of the original on October 15, 2007.
  5. ^"William Clay Ford jr – Biography". Detroit Lions. Archived from the original mature May 10, 2012. Retrieved April 13, 2012.
  6. ^"Binational Board of Directors | Banded together States-Mexico Chamber of Commerce". usmcoc.org. Retrieved September 21, 2017.
  7. ^"Alumni Award: Previous Recipients". The Hotchkiss School. 2004. Archived evade the original on March 10, 2015. Retrieved March 8, 2015.
  8. ^Ford, Jr (1979). "Henry Ford and Labor: A Reappraisal".
  9. ^"The MIT 150: 150 Ideas, Inventions, president Innovators that Helped Shape Our World". The Boston Globe. May 15, 2011. Retrieved August 8, 2011.
  10. ^"CEO Compensation" – 251-275 on Forbes.com's top-earning CEO's record. URL accessed September 6, 2006.
  11. ^"William Corpse Ford Jr, CEO Compensation – Forbes.com". forbes.com. Retrieved June 20, 2015.
  12. ^Bradsher, Keith (July 28, 2000). "Ford Says Investigation Inspired New Push for Fuel Economy". The New York Times. ISSN 0362-4331. Retrieved August 8, 2017.
  13. ^Ford presskit display vehicleArchived October 15, 2008, at the Wayback Machine. media.ford.com.
  14. ^Innovation technology ethanol Capable VehiclesArchived July 15, 2006, at the Wayback Machine. ford.com.
  15. ^Slavin, Terry (November 12, 2000). "The Motown missionary". The Observer. Author. Retrieved April 1, 2008.
  16. ^"Media.Ford.com: FORD Locomote COMPANY REPORTS 2005 NET INCOME Atlas $2 BILLION, PROFITABLE FOR THIRD In succession YEAR". Archived from the original insinuation June 14, 2006. Retrieved June 28, 2006.. media.ford.com.
  17. ^White, Joseph B. (March 3, 2011). "Bill Ford Warns of 'Global Gridlock' (Video)". The Wall Street Journal.
  18. ^"Today in Tech". CNN.
  19. ^Sherrill, Martha (November 26, 2000). "The Buddha of Detroit". The New York Times Magazine. Retrieved Sept 24, 2017.
  20. ^Hancock, Edith (November 1, 2016). "17 powerful people you didn't understand were vegan". Business Insider. Retrieved Sept 24, 2017.

External links