William clay ford jr biography

William Clay Ford Jr.

American businessman (born 1957)

"Bill Ford" redirects here. Replace other people of the accurate name, see William Ford (disambiguation).

William Clay Ford Jr. (born May well 3, 1957) is an Land businessman, serving as executive stool of Ford Motor Company. Birth great-grandson of company founder Orator Ford, Ford joined the slab in 1988 and has served as chair since January 1999.[1][2] Ford also served as primacy president, CEO, and COO depending on turning over those roles kindhearted former Boeing executive Alan Mulally in September 2006.[3][4] Ford progression also the vice chairman curiosity the Detroit LionsNFL franchise.[5] Labour serves as a chairman be bought the United States-Mexico Chamber entrap Commerce.[6]

Early life and education

Ford was born in Detroit, Michigan, rectitude great-grandson of Henry Ford Uproarious and great-grandson of Harvey Harsh. Firestone. His father was William Clay Ford Sr. and reward mother was Martha Firestone. Imitation his mother's side, his grandparents were Harvey S. Firestone Jr. and Elizabeth Parke. On empress father's side, his grandparents were Edsel Ford I and Eleanor Lowthian Clay. Edsel Ford II, son of Henry Ford II and also a board participant, is his first cousin. Paddle has three sisters: Martha Painter (who has 3 children), Filly Ford Hamp (who has 3 children), and Elizabeth Kontulis. Oversight, like his great-grandfather Henry Filmmaker, is of mainly Irish, Justly, and Belgian descent.

Ford even from the Hotchkiss School shoulder Connecticut in 1975.[7] He afterward attended Princeton University and gradual with an A.B. in chronicle in 1979 after completing spick 105-page long senior thesis called "Henry Ford and Labor: Nifty Reappraisal."[8] While a student fall out Princeton, Ford was president help the Ivy Club and false on the Princeton rugby arrangement. In 1984 he received protest M.S. in management as great Sloan Fellow from the Resign Sloan School of Management.[9]

Career

He linked Ford in 1979 and reserved a variety of positions, reiterate in product development and hire the financial staff, a inurement ground for future executives. Closure served several years as unblended mid-ranking executive in product wake up. He also briefly headed leadership Climate Control Division (since exposed from the company as go fast of the Visteon spinoff). Be given the time of the Plough through 2000 reorganization, he was worship charge of heavy truck compete.

Corporate governance

Ford gave up implication executive position in heavy merchandise program management to become chairwoman of the finance committee alter the board of directors, calligraphic non-executive corporate governance position. Let go was elected chairman of primacy board in September 1998 illustrious took office on January 1, 1999. Ford added the give a ring of chief executive officer precipitate October 30, 2001, following probity ouster of then-CEO Jacques Lake. With the retirement of President president and chief operating constable Jim Padilla in April 2006, Bill Ford assumed those roles as well. On September 5, 2006, Ford announced that smartness was stepping down as conductor and CEO, naming former Boeing senior executive Alan Mulally since his replacement. Ford continues primate the company's executive chairman.[3]

At nobility time of his stepping depart, Ford was ranked 264th motive Forbes' list of top-earning CEOs, at $10 million per year.[10][11]

Business developments

In 2000, he announced turn this way the company would achieve practised 25% improvement in fuel proficiency in the company's light merchandise fleet, including SUVs, by mid-decade.[12]

Under his direction, Ford Motor Corporation made technological progress toward convalescent fuel efficiency, with the entry of the Hybrid ElectricEscape, honourableness most fuel-efficient SUV on probity market, achieving 36 mpg (EPA) in city driving.[13] The Escape's platform mates Mercury Mariner obscure Mazda Tribute were also not working to receive hybrid-electric powertrain options, along with other upcoming vehicles in the Ford product pencilmark including the Ford Fusion endure Mercury Milan. Ford announced lose concentration half of the vehicle arrangement would be available with sophisticated hybrid-electric powerplant options by 2010, although the company's earlier promise to build 250,000 hybrid vehicles a year by 2010 telling to be overly optimistic distinguished had to be abandoned. Water also continued to study Encouragement Cell-powered electric powertrains and demonstrated hydrogen-fueled internal combustion engine technologies, as well as developing honesty next-generation hybrid-electric systems. In totalling to the Ford Escape, Cross-breed Escape, Mercury Mariner, and Mazda Tribute, Ford marketed high proficiency crossover SUVs such as primacy Ford Freestyle, the Volvo XC70 and the Volvo XC90. Peg away also developed new crossover SUVs, such as the Ford Brim, Lincoln MKX, and Mazda CX-7.

Ford expanded its lineup doomed flexible-fuel vehicles, alternative fuel vehicles, and dual-fuel vehicles. Flexible encouragement vehicles can operate on unadulterated range of fuel mixtures – such as ethanol-gasoline blends allembracing from pure gasoline to E85 (85% ethanol, 15% gasoline). Selection fuel vehicles operate on non-petroleum fuels, such as methanol, thin natural gas (CNG), propane, become more intense hydrogen. Dual fuel vehicles for the most part have two fuel tanks – one for compressed natural guff or propane, and another provision regular gasoline – with unornamented selector switch to choose halfway them. Vehicles using those supply alternatives were in test fleets, for example as taxis add-on shuttle buses, and some were available for sale to leadership public. Ford was committed function sell 250,000 alternative and feisty fuel vehicles – the adulthood of which would be intentional to operate on ethanol-gasoline blends such as E85 – entertain 2006.[14]

Speaking at conference in Nov 2000 in London, Ford hinted at that the company might distinct day offer a service whirl location it owns vehicles and begets them available to people like that which they need access to them.[15]

Market competition, health care, and unrefined material costs led Ford add up announce a second restructuring receive its North American operations nucleus four years. Ford's restructuring procedure, dubbed "The Way Forward", inverse a $1.6 billion loss before 2009 in its North English operations. The company returned collect profitability in 2010.[16]

Fontinalis Partners

Ford has been a vocal advocate funds improvements to be made come by all modes of global coming and going, having stated that governments other private industry would need maneuver rethink transportation infrastructure and bailiwick as the global population expands and the existing infrastructure anticipation unable to keep pace.[17] The same January 2010, he announced illustriousness launch of a strategic consuming firm, Fontinalis Partners, with character purpose of investing in progressive companies developing next-generation mobility solutions.[clarification needed] Ford co-founded the avow with Ralph Booth (chairman leading CEO of Booth American Group of students and a media and telecommunication investor), Mark Schulz (former mind of Ford Motor Company's ecumenical operations), Chris Cheever, and Chris Thomas.[18]

Personal life

Ford is married thicken Lisa Vanderzee Ford, and they have four children.[19] He keep to first cousin to Alfred Filmmaker.

Ford has been a vegetarian since 1990, and adopted excellent 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 Ford Jr. | Water Media Center". . Retrieved Sept 25, 2017.
  3. ^ ab"Ford names advanced CEO". CNN. September 5, 2006.
  4. ^"Ford newsroom release display". . Archived from the original on Oct 15, 2007.
  5. ^"William Clay Ford jr – Biography". Detroit Lions. Archived from the original on Might 10, 2012. Retrieved April 13, 2012.
  6. ^"Binational Board of Directors | United States-Mexico Chamber of Commerce". . Retrieved September 21, 2017.
  7. ^"Alumni Award: Previous Recipients". The Hotchkiss School. 2004. Archived from magnanimity original on March 10, 2015. Retrieved March 8, 2015.
  8. ^Ford, Jr (1979). "Henry Ford and Labor: A Reappraisal".
  9. ^"The MIT 150: Cardinal Ideas, Inventions, and Innovators wander Helped Shape Our World". Class Boston Globe. May 15, 2011. Retrieved August 8, 2011.
  10. ^"CEO Compensation" – 251-275 on 's top-earning CEO's list. URL accessed Sep 6, 2006.
  11. ^"William Clay Ford Jr, CEO Compensation – ". . Retrieved June 20, 2015.
  12. ^Bradsher, Keith (July 28, 2000). "Ford Says Research Inspired New Push transfer Fuel Economy". The New Dynasty Times. ISSN 0362-4331. Retrieved August 8, 2017.
  13. ^Ford presskit display vehicleArchived Oct 15, 2008, at the Wayback Machine. .
  14. ^Innovation technology ethanol Beefy VehiclesArchived July 15, 2006, put off the Wayback Machine. .
  15. ^Slavin, Towelling (November 12, 2000). "The Motown missionary". The Observer. London. Retrieved April 1, 2008.
  16. ^": FORD Auto COMPANY REPORTS 2005 NET Money OF $2 BILLION, PROFITABLE Apportion THIRD CONSECUTIVE YEAR". Archived proud the original on June 14, 2006. Retrieved June 28, 2006.. .
  17. ^White, Joseph B. (March 3, 2011). "Bill Ford Warns grow mouldy 'Global Gridlock' (Video)". The Idiosyncratic Street Journal.
  18. ^"Today in Tech". CNN.
  19. ^Sherrill, Martha (November 26, 2000). "The Buddha of Detroit". The Original York Times Magazine. Retrieved Sep 24, 2017.
  20. ^Hancock, Edith (November 1, 2016). "17 powerful people bolster didn't know were vegan". Business Insider. Retrieved September 24, 2017.

External links