Ford 2004 Annual Report Download - page 20

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At the March 2005 board meeting William Clay Ford announced
his intention to retire as a director after 57 years of service.
At the Board’s request, he was named Director Emeritus.
“Ford Motor Company has always been part of my life and I continue
to draw a lot of energy from this wonderful and exciting business,”
Mr. Ford said. “Leaving the Board will relieve me of formal
duties and give me more flexibility, but I will continue to help
the company and the Board in any way I can.”
Mr. Ford served on the Board for more than half of the
company’s 102 years. As the only surviving grandson of
the late Henry Ford and father of the current chairman,
he uniquely links the company’s past and future.
“My dad helped lead Ford into the modern
era and make us who we are,” said
Chairman and CEO Bill Ford. “His
institutional knowledge is an
incredible asset and his
love for the company is
unmatched. We will
continue to turn
to him for advice
and counsel.”
Mr. Ford was elected to the
Board of Directors on June 4,
1948, and began his employment
with the company after graduating
from Yale University in 1949. Throughout
his career he oversaw the design and
development of a number of classic vehicles,
including the Continental Mark II, considered
by many to be one of the greatest cars ever built.
In 1978, Mr. Ford was
elected chairman of the Executive
Committee and appointed a member
of the Office of the Chief Executive.
He was elected vice chairman of the
Board in 1980 and chairman of the Finance
Committee in 1987. He retired from his post as
vice chairman in 1989 and as chairman of the
Finance Committee in 1995. At the time of his
retirement, he served on the Finance Committee.
WILLIAM CLAY FORD NAMED DIRECTOR EMERITUS
Brothers (from left) Benson Ford,
William Clay Ford and Henry Ford II,
with a model of the 1949 Ford.
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