Ford Family Extends Influence On Automaker

AFP PHOTO/Karen BLEIER Dearborn, Michigan-based Ford went public in 1956. But the family retained 40% voting control through a special class of stock. The move essentially ensured family control of the company that continues to this day.

Chairman William Clay Ford Jr. , 66, was CEO from 2001 through 2006. Still, he retained the chairman title . He has maintained an office on the same floor as the CEO at Ford Motor’s headquarters.In an announcement this month, Ford Motor said Elena Ford was named to a new post as chief dealer engagement officer.

The company also said William Clay “Will” Ford, son of Bill Ford, was joining the automaker as general manager of Ford Performance, an operation that includes its motorsports and racing activities.

Source: Car News Wire (carnewswire.net)

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