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FORD CHAIRMAN POSES WITH NEW CHAIRMAN AND PRESIDENT, 1999-01-01 (photo)

FORD CHAIRMAN POSES WITH NEW CHAIRMAN AND PRESIDENT, 1999-01-01 (photo)
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Content within this photograph may require additional clearances (eg: trademark and personality rights) depending on Licensee's specific use of material, which may include book and magazine cover use.
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Image number
REU8073882
Image title
FORD CHAIRMAN POSES WITH NEW CHAIRMAN AND PRESIDENT, 1999-01-01 (photo)
Auto-translated text View Original Source
Artist
Unknown
Medium
photograph
Date
1999 AD (C20th AD)
Shooting Date
1999-01-01
Image description

Ford Motor Co. Chairman Alex Trotman (L) poses September 11 with William Clay Ford Jr. (C), great-grandson of Ford Motor Co. founder Henry Ford, who will become Chairman of Ford January 1, 1999, and Jacques Nasser (R), who becomes president and chief executive officer of the company at the same time, following a news conference announcing the changes. This is the first time in 19 years a member of the Ford family will head the company. William Clay Ford Jr. and his father, owner of the NFL Detroit Lions together control 26.03 percent of the Class B shares and 1,938,557 shares of Ford common stock. Ford Class B stock controlled by the Ford family accounts for 40 percent of the company's voting shares, giving the family control of the company. JCH/CM/JDP

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REUTERS/John Hillery / Bridgeman Images
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