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Ford CEO

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Ford CEO

Ford CEO

Ford CEO

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  • <iframe src="https://www.npr.org/player/embed/1132359/132359" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Ford Motor Company announced today that CEO Jacques Nasser is stepping down and that William Clay Ford, great-grandson of company founder Henry Ford, will take his place. Jerome Vaughn of member station WDET in Detroit reports that many shareholders are unhappy with Nasser's leadership. Ford stock is down sharply over the last year and the company has lost money two quarters in a row.