March 9, 2014 – one:13 pm ET
DETROIT – William Clay Ford Sr., a former Ford Motor Co. vice chairman and the last surviving grandson of founder Henry Ford, died these days at age 88.
He died of pneumonia in his house, the automaker mentioned in a statement.
Ford, the father of present executive chairman William Clay Ford Jr., joined the organization board of directors in 1948. He took a task with the automaker the subsequent 12 months, the start off of a career that ended with his retirement from Ford’s board in 2005. He invested a lot of his career in preparing and method roles.
He is credited with a major part in the layout and advancement of the Continental Mark II. He was created common manager of the Continental Division in 1954, a submit he held for 2 years.
On the board of directors, Ford had extended been a member of the powerful Finance Committee. He was chairman of the committee from 1987 by means of 1995. The Finance Committee decides how the automaker spends it money, providing it handle above which item plans are accepted.
He was also proprietor of the NFL’;s Detroit Lions.