FORD MOTOR COMPANY NOMINATES HENRY FORD III FOR ELECTION TO BOARD
DEARBORN 12 March 2021 – Ford Motor Company announced that Henry Ford III has been nominated to stand for election to the company’s board of directors at its annual meeting of shareholders on 13 May 2021
Both candidates are great-great grandchildren of Henry Ford, who founded the auto company in 1903
Their nominations to the board continue the Ford family’s nearly 118 years of active involvement with and stewardship of the company
Henry Ford III, 40, the son of Edsel B. Ford II, is currently a director in Ford Investor Relations
Since joining the company in 2006, he has held roles in Labor Relations, Purchasing, Marketing and Sales, and Corporate Strategy
He was part of the team that negotiated the landmark 2008 master labor agreement with the UAW
Later, as global marketing manager for Ford Performance, Henry Ford III played a key role in the launch of the latest Ford GT and supported the company’s successful return to racing at the 24 Hours of LeMans
He earned a bachelor’s degree from Dartmouth College and an MBA from Massachusetts Institute of Technology, Sloan School of Management
Alexandra Ford English, 33, is the daughter of Ford Executive Chairman Bill Ford and is currently a director in Corporate Strategy at the company, responsible for enterprise, connectivity and digital network strategic plans
Before that, she was director of Market and Operations for Ford Autonomous Vehicles LLC and responsible for the successful deployment and operations of Ford’s autonomous vehicle business in Miami; Austin, Texas; and Washington, D.C.
Ford English is also Ford’s representative to the board of directors of Rivian, the electric carmaker in which Ford owns an equity interest
Prior to joining Ford in 2017, Ford English ran merchandising divisions for Tory Burch in New York City and Gap Inc. in San Francisco
She earned a bachelor’s degree from Stanford University and an MBA from Harvard Business School
"Henry and Alexandra are both passionate and capable young business leaders who care deeply about Ford Motor Company and the welfare of our customers, employees, dealers and shareholders,” Bill Ford said
"I am pleased and proud that we have a new generation of Ford family leaders who believe in serving the company and ensuring it remains a successful and positive force in the world for years to come"
At the same time, the company announced that Edsel Ford, 72, is retiring from the board in May
Edsel Ford was elected to Ford’s board on Jan. 18, 1988, at age 39, together with his cousin, Bill Ford, then 30
Edsel is the father of Henry Ford III
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Ahead of the 2021 Q1 Earning Report next week, here are our Capacity Maps that estimate the Scheduled Production Capacity for each quarter of the current year based on the expected shift crews
We have upgraded to format to show more information
Q1
Q1 shows 179,688 which was very close to to 180,338 units actually produced
Q2 shows 234,375 units
One uncertainty is the output of Model S / Model X after restart this month
If we conservatively allow only 50% of 25,000 units that would lower the total by -12,500
= 222,875
Q3 shows 276,563 units
One uncertainty is the start date for GF4 in Brandenburg
- this is 14,063 units in the above number
Another uncertainty is the ramp rate for GF5 in Austin
- this is 14,063 units in the above number
We could adjust by -14,063 and -7,031 = -21,094 units
The world is yet to grasp the scale of disruption in replacing fossil fuels, with most people in urban areas unaware of where materials in everyday life come from
“It’s all copper, copper, copper, copper, copper, copper,” he told the CRU World Copper Conference on Tuesday
While the 70-year-old billionaire is taking a long-term view, his words of warning contrast with those of some of his colleagues at the conference who are reluctant to accelerate growth plans in a cyclical market
WOODLANDS FIRE CHIEF FIGHTING FUD ON REPORTING OF VEHICLE CRASH
1. The vehicle did NOT "burn out of control for four hours"
- "our guys got there and out down the fire within two to three minutes"
2. The firefighters were working primarily to protect a crime scene
- “We could not tear it apart or move it around to get ‘final extinguishment’ because the fact that we had two bodies in there and it was an investigation-slash-crime scene,” Buck explained
3. The initial reports were of a forest fire, not a motor vehicle
- "The first report to emergency dispatchers came at about 9:25 pm on Saturday with reports of a forest fire, not a motor vehicle," Buck said
EV startup Lordstown Motors made its way from its home in Ohio to Baja California over the weekend to take place in the brutal 242.8-mile desert race known as the San Felipe 250 as a method of testing and data collection. thedrive.com/news/40237/lor…
After completing the first 40-mile leg of the race, Matthew Blanchard, Lordstown Motors' director of security and the vehicle's driver, stopped to top off the Endurance's charge
The team also took this opportunity to review telematics data regarding the vehicle's off-road performance and soon determined that it wasn't aligned with what they had expected for the race