New Ford CEO Aims to Refocus Efforts of Troubled Company

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NEW YORK – Beleaguered Ford Motor Co. Tuesday replaced president/CEO Jacques Nasser with Chairman William Clay Ford Jr., great grandson of company founder Henry Ford. The 44-year-old is the first family member to have operational control of the Dearborn, Mich.-based automaker since Henry Ford II stepped down as CEO in 1979.

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