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
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
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