SHELBY GT 500 Member
Joined: Jul 2005
Location: SF Bay Area, CA
Apparently, Allan Mulally, a former Vice President and President of Boeing is the new replacement, and Bill Ford does stay on as Chairman of the Board...so he is not ousted, just stepping down from the head position.
Bill Ford and his family still own a 40% share of the voting stock in Ford. He is the great-grandson of Henry Ford.