Also poised to join the board is Henry Ford III, 40, son of current director Edsel Ford II, who is retiring from that position. The cousins are the first great-great-grandchildren of company founder Henry Ford to be board members. The Ford family has controlled the majority ofstock voting shares since it went public in 1956. A Ford family member has been chairman, CEO, or president of the company for all but nearly 20 years of its 118-year history. And there has always been at least one, and more often two Ford men serving on the board.

Source: CNN March 13, 2021 16:30 UTC