Analysis Of Ford 's Board Of Directors

1680 Words Jul 15th, 2015 7 Pages
2. Internal Audit
a. The Management Team
Ford’s Board of Directors consists of 15 members. The Board is lead by the Executive Chairman William Clay Ford Jr.(age 58). He is the great-grandson of Henry Ford Sr. After earning his BA from Princeton University, he began a lifetime of service in the family firm (1979), culminating in his appointment as president and CEO in 2001. As CEO, Mr. Ford improved quality, lowered costs and delivered exciting new products. During his time in that position, he took the company from a $5.5 billion loss in 2001 to three straight years of profitability. On September 5, 2006, Ford announced that he was stepping down as President and CEO, naming former Boeing senior executive Alan Mulally as his replacement.
In July of 2014, Mark Fields (age 54) was appointed as a new President and CEO of Ford. Mr. Fields joined the company in 1989, and has most recently served as the Chief Operating Officer from 2012 to 2014. Prior to this, Mr. Fields was the Executive Vice President at the company and the President of the Americas since 2005. From 2000 to 2002, he was the President at Mazda Motor. Fields was named a Global Leader of Tomorrow by the World Economic Forum in 2000 and CNBC’s Asia Business Leader, Innovator of the Year for 2001.
All of the Ford’s Board of Directors and executives have a great history with Ford, served in positions in Ford or one of its subsidiaries and have vast experience in the auto industry. Full list of management team is in…
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