Ford elects the founding family’s first female member to its board of directors

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Ford elects founding family’s first female member to board: investors hope Harvard-trained heiress, 33, can help turn struggling carmaker amid drops in earnings

  • Alexandra Ford English, 33, has been elected to Ford’s 14-member board of directors
  • She is the great-great-granddaughter of founder Henry Ford and the daughter of the current Ford chairman, Bill Ford Jr
  • Ford Motor appears interested in retaining members of the founding family in key positions in the company
  • Ford English’s cousin, Henry Ford III, 40, has also been elected to the board of directors
  • There are high hopes that the two young scions can help turn the fate of the struggling carmaker
  • However, not everyone is impressed with their appointments, claiming favoritism poses a risk to investors
  • ‘That’s why we don’t have kings and queens – it’s a roll of the genetic dice,’ an expert told Bloomberg

Henry Ford’s great-great-granddaughter made history after winning election to the automaker’s influential board of directors.

Alexandra Ford English, 33, will be the first female member of the Ford family to serve on the 14-person board, starting immediately.

The car heiress has only worked in the family business for four years, but insiders hope she will be able to reverse the struggling automaker’s fortune.

According to Bloomberg, Ford’s stock has fallen 91 percent over the past 22 years and “net income is down as the company grapples with a global overhaul.”

In 2018, Ford reported net income of $ 7.7 billion. The following year, they reported net income of just $ 3.7 billion.

Before joining the family business, Ford English worked in merchandising for Tory Burch and Gap.

She has an MBA from Harvard and a bachelor’s degree from Stanford.

Alexandra Ford English, Henry Ford's great-great-granddaughter, made history after winning election to the automaker's influential board of directors

Alexandra Ford English, Henry Ford’s great-great-granddaughter, made history after winning election to the automaker’s influential board of directors

According to Bloomberg, Ford’s stock has fallen 91 percent over the past 22 years and “ net income is down as the company grapples with a global overhaul ”

Despite the current challenges to their business, Ford Motor appears interested in retaining the founding family members in key positions across the company.

Ford English’s cousin, Henry Ford III, has also been appointed to the company’s board of directors.

The 40-year-old began teaching math and history in high school after graduating from Dartmouth University in the early 2000s.

He has worked for Ford for the past 15 years and there is high hope that he will also help change the company.

“This is what they were for when they joined the company,” Jeffrey Sonnenfeld, associate dean at the Yale School of Management, told Bloomberg.

Ford English's cousin, Henry Ford III, 40, has also been appointed to the company's board of directors.

Ford English’s cousin, Henry Ford III, 40, has also been appointed to the company’s board of directors.

The headquarters of Ford Motor Co.  in Dearborn, Michigan

The headquarters of Ford Motor Co. in Dearborn, Michigan

However, not everyone is impressed by the two new appointments and says favoritism poses a risk to investors.

“That’s why we don’t have kings and queens – it’s a roll of the genetic dice,” Nell Minow, vice president of ValueEdge, the shareholder advocate, told Bloomberg.

Ford English’s father, Bill Ford Jr., is the current chairman of Ford Motor, a position he has held since 1999.

He has an estimated net worth of $ 1 billion.

Ford English's father, Bill Ford Jr., is the current chairman of Ford Motor, a position he has held since 1999.  He has an estimated net worth of $ 1 billion

Ford English’s father, Bill Ford Jr., is the current chairman of Ford Motor, a position he has held since 1999. He has an estimated net worth of $ 1 billion

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