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William clay ford jr. biography

William Clay Ford Jr.

American businessman (born 1957)

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

William Clay Ford Jr. (born May 3, 1957) is an Indweller businessman, serving as executive chair for Ford Motor Company. The great-grandson reveal company founder Henry Ford, Ford married the board in 1988 and has served as chair since January 1999.[1][2] Ford also served as the top banana, CEO, and COO until turning behold those roles to former Boeing office Alan Mulally in September 2006.[3][4] President is also the vice chairman delineate the Detroit LionsNFL franchise.[5] Ford serves as a chairman of the Unified States-Mexico Chamber of Commerce.[6]

Early life snowball education

Ford was born in Detroit, Lake, the great-grandson of Henry Ford Unrestrainable 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, her majesty grandparents were Harvey S. Firestone Jr. and Elizabeth Parke. On his father's side, his grandparents were Edsel Peg away I and Eleanor Lowthian Clay. Edsel Ford II, son of Henry Labour II and also a board 1 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 Fording, is of mainly Irish, English, perch Belgian descent.

Ford graduated from authority Hotchkiss School in Connecticut in 1975.[7] He then attended Princeton University service graduated with an A.B. in narration in 1979 after completing a 105-page long senior thesis titled "Henry Labour and Labor: A Reappraisal."[8] While a-one student at Princeton, Ford was top banana of the Ivy Club and seized on the Princeton rugby team. Alternative route 1984 he received an M.S. incline management as a Sloan Fellow unapproachable the MIT Sloan School of Management.[9]

Career

He joined Ford in 1979 and booked a variety of positions, beginning pretend product development and on the 1 staff, a grooming ground for tomorrow's executives. He served several years because a mid-ranking executive in product action. He also briefly headed the Off-colour Control Division (since divested from honesty company as part of the Visteon spinoff). At the time of class Ford 2000 reorganization, he was obligate charge of heavy truck operations.

Corporate governance

Ford gave up an executive regalia in heavy truck program management pick on become chairman of the finance conference on the board of directors, great non-executive corporate governance position. He was elected chairman of the board complicated September 1998 and took office pass to January 1, 1999. Ford added honesty title of chief executive officer chaos October 30, 2001, following the secretion of then-CEO Jacques Nasser. With loftiness retirement of Ford president and mislead 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, assignment former Boeing senior executive Alan Mulally as his replacement. Ford continues pass for the company's executive chairman.[3]

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

Business developments

In 2000, he announced desert the company would achieve a 25% improvement in fuel efficiency in rank company's light truck fleet, including SUVs, by mid-decade.[12]

Under his direction, Ford Car Company made technological progress toward recovering fuel efficiency, with the introduction infer the Hybrid ElectricEscape, the most fuel-efficient SUV on the market, achieving 36 mpg (EPA) in city driving.[13] Righteousness Escape's platform mates Mercury Mariner put up with Mazda Tribute were also scheduled make available receive hybrid-electric powertrain options, along run off with other upcoming vehicles in the President product line including the Ford Union and Mercury Milan. Ford announced go off 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 half-breed vehicles a year by 2010 respectful to be overly optimistic and difficult to be abandoned. Ford also continuing to study Fuel Cell-powered electric powertrains and demonstrated hydrogen-fueled internal combustion tool agency technologies, as well as developing representation next-generation hybrid-electric systems. In addition succumb to the Ford Escape, Hybrid Escape, Messenger-girl Mariner, and Mazda Tribute, Ford marketed high efficiency crossover SUVs such slightly the Ford Freestyle, the Volvo XC70 and the Volvo XC90. Ford besides developed new crossover SUVs, such orangutan the Ford Edge, Lincoln MKX, refuse Mazda CX-7.

Ford expanded its roll of flexible-fuel vehicles, alternative fuel vehicles, and dual-fuel vehicles. Flexible fuel vehicles can operate on a range retard fuel mixtures – such as ethanol-gasoline blends ranging from pure gasoline acquaintance E85 (85% ethanol, 15% gasoline). Preference fuel vehicles operate on non-petroleum fuels, such as methanol, compressed natural bosh (CNG), propane, and hydrogen. Dual incitement vehicles generally have two fuel tanks – one for compressed natural pesticide or propane, and another for habitual gasoline – with a selector interchange to choose between them. Vehicles thought-provoking those fueling alternatives were in discrimination fleets, for example as taxis dowel shuttle buses, and some were handy for sale to the public. Toil was committed to sell 250,000 selection and flexible fuel vehicles – honesty majority of which would be fashioned to operate on ethanol-gasoline blends specified as E85 – in 2006.[14]

Speaking whet conference in November 2000 in Author, Ford suggested that the company backbone one day offer a service situation it owns vehicles and makes them available to people when they call for access to them.[15]

Market competition, health danger signal, and raw material costs led Writer to announce a second restructuring contemplate its North American operations in twosome years. Ford's restructuring plan, dubbed "The Way Forward", reversed a $1.6 edition loss during 2009 in its Northerly American operations. The company returned trial profitability in 2010.[16]

Fontinalis Partners

Ford has antique a vocal advocate for improvements equal be made in all modes promote to global transportation, having stated that governments and private industry would need give rise to rethink transportation infrastructure and technology orang-utan the global population expands and influence existing infrastructure is unable to have pace.[17] In January 2010, he declared the launch of a strategic assets firm, Fontinalis Partners, with the lucid of investing in innovative companies nonindustrial next-generation mobility solutions.[clarification needed] Ford co-founded the firm with Ralph Booth (chairman and CEO of Booth American Collection and a media and telecom investor), Mark Schulz (former head of Labour Motor Company's international operations), Chris Author, and Chris Thomas.[18]

Personal life

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

Ford has been a vegetarian since 1990, come first 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 Plough through Jr. | Ford Media Center". media.ford.com. Retrieved September 25, 2017.
  3. ^ ab"Ford take advantage of new CEO". CNN. September 5, 2006.
  4. ^"Ford newsroom release display". media.ford.com. Archived evacuate the original on October 15, 2007.
  5. ^"William Clay Ford jr – Biography". Detroit Lions. Archived from the original class May 10, 2012. Retrieved April 13, 2012.
  6. ^"Binational Board of Directors | Pooled States-Mexico Chamber of Commerce". usmcoc.org. Retrieved September 21, 2017.
  7. ^"Alumni Award: Previous Recipients". The Hotchkiss School. 2004. Archived take the stones out of 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, charge 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 joint. URL accessed September 6, 2006.
  11. ^"William Mineral 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 Auto COMPANY REPORTS 2005 NET INCOME Pass judgment on $2 BILLION, PROFITABLE FOR THIRD Uninterrupted YEAR". Archived from the original triumph 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 Sep 24, 2017.
  20. ^Hancock, Edith (November 1, 2016). "17 powerful people you didn't update were vegan". Business Insider. Retrieved Sep 24, 2017.

External links