Edsel B. Ford II to Assume New Role at Ford as Consultant
9 April 1998
Edsel B. Ford II to Assume New Role at Ford as ConsultantDEARBORN, Mich., April 9 -- Edsel B. Ford II, 49, the president of Ford Credit, will leave his post as head of the financial services unit to assume a new role as a consultant with the company. "I'm at a point in my career, when my age and nearly 25 years of service, the responsibility of the Ford name, and my father's legacy in Southeast Michigan community affairs, puts me at a crossroads. I've examined what matters most to me, and have decided to change my role with Ford so I can spend more time on community affairs, and yet keep involved with the company and its dealers. I now will have the best of both worlds." As of May 1, 1998, he will leave his post at Ford Credit. He will move to an office in World Headquarters and will continue to serve on the Ford Board of Directors and its Finance Committee. He will join the Board's Organization Review and Nominating Committee as an outside Board member following his retirement. He also will consult on matters affecting the company's 10,500 dealers and will be Chairman of the company's Centennial Committee which will direct the yearlong celebration of the company's Centennial in 2003. He also will represent the company in a number of outside activities, and he will join the Ford Motor Company Fund Board and the company's Corporate Citizenship Advisory Board. In anticipation of this move, he recently accepted two additional community projects. Mayor Dennis Archer appointed him to the Coleman A. Young Memorial Commission. He also has accepted an appointment to the Wayne County Airport Commission. These new appointments are in addition to his current involvement in 12 other community and non-profit organizations. "I respect Edsel's initiative to make this change in his life and to balance his involvement with the company and his increasing outside responsibilities," said Alex Trotman, Ford Motor Company chairman and chief executive officer. "The company benefits from the opportunity to keep him involved in Ford in an advisory and ambassadorial role, and the community benefits with more of his time and talent." "Edsel has had a very successful career at Ford, rising from a product planning analyst in 1974, to president of Ford Credit. He has made numerous contributions to the company worldwide and has been a wonderful representative of the company and his family." In 1988, Edsel B. Ford II was elected to the company's Board of Directors. He was named president of Ford Credit in May 1991 and elected a vice president of Ford Motor Company on December 9, 1993. He is the great-grandson of Henry Ford, founder of Ford Motor Company . His grandfather was Edsel B. Ford, company president from 1919 to 1943. His late father, Henry Ford II, was president of the company from 1945 to 1960 and chairman from 1960 to 1980. SOURCE Ford Motor Company