William Clay Ford, the last remaining grandson of Henry Ford, died this morning in his home.
Ford, 88, died of pneumonia. He joined the company’s board of directors in 1948 and served the company for 57 years and retired from Ford’s board in 2005. He is credited with designing the Continental Mark II and served as chairman of the design committee for 32 years after being elected in 1957.
Among his many roles with Ford, he also served as chairman to Ford’s Finance Committee in 1987 where he served until 1995. The committee controls how the company spends its money, giving it control over approving product programs. His son, William Clay Ford Junior, is currently Ford’s executive chairman.
Ford also owned the Detroit Lions football team, which he purchased in 1963.
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