Jacques Nasser Ousted as Ford Motor Co. CEO and Replaced by William Clay Ford Jr

DETROIT, Oct. 30 /PRNewswire/ -- In something of a family tradition, Ford
Motor Co. Chairman William Clay Ford Jr. has ousted the automaker's top
outsider, CEO Jacques Nasser.

Once known as "Jac the Knife" for his skills at cost-cutting, Nasser took
the fall for a series of setbacks that have befallen Ford in recent months,
including a slump in sales and market share, declining quality and
productivity, and the hits the automaker's image has taken in the wake of its
battle with long-time supplier Firestone.

Along with Nasser, at least two other senior executives will leave the
company, including public relations chief Jason Vines and human resources
director David Murphy. A number of other executives will be promoted to fill
their shoes.

The move is something of a family tradition, former Ford Chairman Henry
Ford II once ousting President Lee Iacocca with the brief explanation, "I just
don't like you."

TheCarConnection.com has the complete details of the Ford shake-up -- as
well as the last interview granted by Jacques Nasser, only five days before
his ouster.

Web users can also access TheCarConnection through the PR Newswire
site http://www.prnewswire.com.

Review Article Be the first to review this article
Autodesk - DelCAM

Featured Video
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Apple Adding To Computer Product Line Minus Ports
Currently No Featured Jobs
Upcoming Events
3D Collaboration & Interoperability Congress at 1310 Washington Ave. Golden CO - Oct 25 - 26, 2016
Electric&Hybrid Aerospace Technology Symposium 2016 at Conference Centre East. Koelnmesse (East Entrance) Messeplatz 1 Cologne Germany - Nov 9 - 10, 2016
Autodesk University Las Vegas at Las Vegas NV - Nov 15 - 17, 2016
TurboCAD pro : Limited Time offer

Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise