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Bill Ford

February 12, 2019

You can’t choose your family, but you can choose who runs your business. Alexandra Newlove talks to a range of experts about bringing in outside help

In 2006, as Ford Motor Company headed towards a $12.7 billion loss, the worst in the company’s 103-year history, Bill Ford, chief executive and great-grandson of the legendary Henry Ford, realised he needed help.

In an email to staff, Ford introduced his new top man: former Boeing transformation master Alan Mulally, who over the next eight years executed a revitalisation which saw the automaker’s stock appreciate more than 1000% from recession lows, and Mulally remembered as one of the all-time great business leaders.

May 23, 2017

Ford Motor Company has replaced chief executive Mark Fields, following poor sales and a 40% drop in the company’s share price during his three-year tenure.

Ford Motor Company has replaced chief executive Mark Fields, following poor sales and a 40% drop in the company’s share price during his three-year tenure.

Fields has been succeeded by Jim Hackett, a 62-year-old who has headed Ford’s Smart Mobility LLC since March 2016.

Fields’ 28-year career with Ford ended on Monday, as the car company announced a series of leadership changes, part of a wider move to cut 1,400 jobs, about 10% of staff.

February 21, 2013

CampdenFB unveils its annual Top 50 Family Business Leaders list – the names inspiring their businesses and beyond.

February 15, 2013

A fifth-generation member of the Ford family has been promoted vice-president of the eponymous US carmaker. Elena Ford is also poised to take the wheel of a new division managing strategy and customer service at Ford dealerships in March.

A fifth-generation member of the Ford family has been promoted vice-president of the eponymous US carmaker. Elena Ford is also poised to take the wheel of a new division managing strategy and customer service at Ford dealerships in March.

January 26, 2012

Last year was a tumultuous time for markets on the back of fears of a second recession, but some family businesses look to have weathered 2011 remarkably well, reporting record revenues and profits.

Last year was a tumultuous time for markets on the back of fears of a second recession, but some family businesses look to have weathered 2011 remarkably well, reporting record revenues and profits.

Take for example the Bosch Group, the German car parts supplier controlled by descendants of the founding family. Revenues at the Stuttgart-based family business exceeded €50 billion for the very first time last year, according to preliminary figures released by the company this week.

July 8, 2011

Handing control of a family business over to the next generation is perhaps the biggest challenge facing any family business, and the way it is handled decides if a company will thrive or fail. Katie Barker, with an eye on 50 editions of FB, speaks to a number of family business luminaries on how they have dealt with succession.

The family Ford probably know a thing or two about succession. After all Bill Ford – the great-grandson of one of the main architects of global capitalism, Henry Ford – is the executive chairman of the company his illustrious predecessor founded more than 100 years ago.

May 13, 2011

The Ford family, who control the US-based carmaker of the same name, won a shareholder vote on 12 May to retain the multiple voting shares through which they control the company.

The Ford family, who control the US-based carmaker of the same name, won a shareholder vote on 12 May to retain the multiple voting shares through which they control the company.

The proposal to dismantle the group’s two-tier share system was rejected at the company’s annual shareholder meeting by a 68.5% majority, Ford said in a statement.

March 9, 2011

Evidence of family businesses reaping the rewards of a revival in economic activity was indicated by two large payouts to family business owners this week.

Evidence of family businesses reaping the rewards of a revival in economic activity was indicated by two large payouts to family business owners this week.

Top on the list was Chile’s Luksic family, which will receive more than $700 million due to growth on the back of record prices of copper of its mining company Antofagasta. Bill Ford, fourth-generation chairman of Ford Motor, also has lucked out being paid a hefty dividend of $42 million for being instrumental in the company’s revival.

October 27, 2010

Ford Motor, controlled by the Ford family, said net earnings were $1.7 billion in the third quarter, an increase of $690 million.

Ford Motor, controlled by the Ford family, said net earnings were $1.7 billion in the third quarter, an increase of $690 million.
 
The Detroit-based carmaker said the strong performance brings the company's net profits in the year to date to $6.4 billion, compared with a loss of $14.6 billion in 2008.
 
Despite the improved profitability, Ford is still grappling with a high debt burden totalling $26.4 billion at the end of September.
 

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