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Ford Motor Co. Chairman Alex Trotman (L) poses September 11 with William Clay Ford Jr....

IMAGE number
REU7562619
Image title
Ford Motor Co. Chairman Alex Trotman (L) poses September 11 with William Clay Ford Jr. (C), great-gr.., 1998-09-11 (photo)
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Photographer
John Hillery
Medium
photograph
Date
1998 AD
Shooting Date
1998-09-11
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.

Photo credit
REUTERS/John Hillery / Bridgeman Images
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