Operations

Nassar Out, Ford to Head Ford

LCT Staff
Posted on October 30, 2001

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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