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Fifth generation of Ford family elected to board
Fifth generation of Ford family elected to board
Michael Martinez, Automotive News
DETROIT A fifth generation of the Ford family has joined the company s board of directors.
Alexandra Ford English, daughter of Executive Chairman Bill Ford, and Henry Ford III, son of Edsel Ford II, on Thursday were voted into two open board positions vacated by the retiring Edsel Ford and John Lechleiter at the company s 66th annual meeting of shareholders.
The company said each of the 14 director nominees received at least 91.5 percent yes votes. Ford is not a nameless, faceless corporation, Bill Ford said in response to a shareholder question about his daughter and nephew. I think having the family involved gives humanity and a sense of accountability that we re going to be here through thick and thin, through the best of times and the worst of times. Throughout just about every imaginable challenge over the last 118 years we ve had wor
The top two executives at Ford Motor Co. decided they wanted to add more muscle to their team to navigate the industry s dynamic landscape that s facing new challenges every day, so they created a vice chair of policy role for Jon Huntsman Jr.
He will get paid a $1 million base salary plus $3 million in stock to advise CEO Jim Farley and Executive Chairman Bill Ford on strategic policy matters, according to Ford regulatory filings.
Farley and Ford recommended the hire to the board, said company spokesman T.R. Reid, and it was approved by the board of directors on Wednesday.
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