William Clay Ford Jr.

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William Clay Ford Jr. (born May 3, 1957) is an American businessman who serves as the executive chairman of Ford Motor Company.

Henry Ford, the company's founder, joined the board in 1988 and has been chairman since January 1999.

Ford served as the president, CEO, and COO before handing over those duties to former Boeing executive Alan Mulally in September 2006.

Ford is also the vice chairman of the Detroit Lions NFL franchise.

Ford serves as a chairman of the United States-Mexico Chamber of Commerce.

He has a B.A. He has a bachelor's degree. A bachelor's degree from Princeton University as well as a M.S. A degree from MIT.

Early life and education

Ford was born in Detroit, Michigan, the great-grandson of Henry Ford I and Harvey S. Firestone's great-grandson. William Clay Ford Sr. was his father, and Martha Firestone was his mother. Harvey S. Firestone Jr. and Elizabeth Parke, both on his mother's side, are his grandparents. Edsel Ford I and Eleanor Lowthian Clay are on his father's side. Edsel Ford II, the son of Henry Ford II and also a board member, is his first cousin. Martha Morse (who has three children), Sheila Hamp (who has three children), and Elizabeth Kontulis are three sisters. He, like his great-grandfather Henry Ford, is of mainly Irish, English, and Belgian descent.

In 1975, Ford graduated from the Hotchkiss School in Connecticut. He then enrolled Princeton University and graduated with an A.B. After completing a 105-page senior thesis titled "Henry Ford and Labour: A Reappraisal," the author reminisces of a 1979 graduation. As a Princeton undergraduate, Ford served as president of the Ivy Club and competed on the Princeton rugby team. He received an M.S. in 1984. MIT Sloan Fellow in management.

Personal life

Ford is married to Lisa Vanderzee Ford, and they have four children.

Ford has been a vegetarian since 1990, and in 2010 they transitioned to a vegan diet.

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Career

He joined Ford in 1979 and spent his time in product design and financial administration, as well as a grooming ground for future executives. He spent many years as a mid-ranking executive in product development. He also supervised the Climate Control Division for a brief period (since being fired from the company as part of the Visteon spinoff). He was in charge of heavy truck operations at the time of the Ford 2000 reorganization.

Ford resigned from an executive role in heavy truck program management to become chairman of the board of directors, a non-executive corporate governance position. He was elected chairman of the board in September 1998 and took office on January 1, 1999. Following the dismissal of then-CEO Jacques Nasser, Ford promoted the title of chief executive officer on October 30, 2001. Bill Ford assumed those positions after Ford president and chief operating officer Jim Padilla's resignation in April 2006. Ford revealed on September 5, 2006, he was stepping down as president and CEO, naming former Boeing senior executive Alan Mulally as his replacement. Ford's executive chairman is still a member of the company.

Ford was ranked 264th on Forbes' list of top-earning CEOs at $10 million a year at the time of his resignation, at 264th position.

He predicted that by mid-decade, the company's light truck fleet, as well as SUVs, would see a 25% increase in fuel efficiency.

Ford Motor Company made technological strides toward improving fuel efficiency with the introduction of the Hybrid Electric Escape, the most fuel-efficient SUV on the market, achieving 36 mpg (EPA) in city driving. Mercury Mariner and Mazda Tribute's platform partners were also expected to receive hybrid powertrain options, as well as other forthcoming Ford products, including the Ford Fusion and Mercury Milan. Ford announced that half of the vehicle lineup would be available with advanced hybrid powerplant options by 2010, but that the company's earlier pledge to produce 250,000 hybrid vehicles a year ago was overly optimistic and had to be scrapped. Ford continued to investigate Fuel Cell-powered electric powertrains and demonstrated hydrogen-fueled internal combustion engine technologies, as well as engineering the next-generation hybrid-electric powertrains. Ford also produced high-efficiency crossover SUVs, including the Ford Escape, Hybrid Escape, Mercury Mariner, and Mazda Tribute. Ford also built the Ford Edge, Lincoln MKX, and Mazda CX-7.

Ford also extended its range of configurable-fuel vehicles, alternate fuel vehicles, and dual-fuel vehicles. Flexible fuel vehicles can be operated on a variety of fuel blends, ranging from pure gasoline to E85 (85% ethanol, 15% gasoline). Alternative fuels such as methanol, compressed natural gas (CNG), propane, and hydrogen can be used in alternative fuel vehicles. Both fuel tanks are typically two different kinds of fuel, one for compressed natural gas or propane and the other for regular gasoline, with a selector switch allowing you to choose between them. Vehicles that were not in test fleets, such as taxis and shuttle buses, were not available to the public, and some were even available for rent. In 2006, Ford promised to produce 250,000 alternate and flexible fuel vehicles, the majority of which would be built to run on ethanol-gasoline blends such as E85.

Ford suggested at a conference in London in November 2000 that the company could provide a service where it owns cars and makes them available to people when they need them.

Ford was forced to announce a second consolidation of its North American operations in four years due to market competition, health care, and raw material costs. Ford's reorganization initiative, dubbed "The Way Forward," recovered a $1.6 billion loss in 2009 in North American operations. In 2010, the company recovered to profitability.

Ford has been a vocal advocate for change in both directions of global transportation, having said that governments and private industry will need to rethink transportation infrastructure and technology as the global population increases and the existing infrastructure is unable to keep pace. He announced the launch of Fontinalis Partners, a strategic investment firm, with the intention of investing in emerging companies and developing next-generation mobility solutions. Ralph Booth, Co-founder and CEO of Booth American Company, as well as a media and telecom investor), Mark Schulz (former head of Ford Motor Company's international operations), Chris Cheever, and Chris Thomas co-founded the company.

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