Operations

Nassar Out, Ford to Head Ford

Posted on October 30, 2001 by LCT Staff - Also by this author - About the author

William Clay Ford, Jr., has been named president and chief executive officer for Ford Motor Company. It will be the first time in 22 years that a Ford family member will head the company.

Ford, 44, is a great-grandson of founder Henry Ford. He has been chairman of the company since 1999, but left most of the day-to-day responsibility to Jacques Nasser, who was ousted on Monday. Nasser resigned following a meeting Monday afternoon between Ford and Nasser at the company?s world headquarters.

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