Photograph of Henry Ford II.
Henry Ford II

Overview

Henry Ford II (September 4, 1917September 29, 1987) – commonly known as "HF2" and "Hank the Deuce" – was the son of Edsel Ford and grandson of Henry Ford.

Basic biography

Born in Detroit, Michigan to [Eleanor Clay Ford] and Edsel Ford on September 4, 1917, he had three children: Charlotte, Anne, and Edsel Ford II.

He was president of Ford Motor Company from 1945-60. The company became a publicly traded corporation under his leadership in 1956. When he resigned the presidency, he became Chief Executive Officer of the company. During this time, he recognized his inexperience and hired several seasoned executives to support him. On July 13, 1960 he was additionally elected Chairman; he resigned as Chief Executive Officer on October 1, 1979, and as Chairman in 1980. His nephew, William Clay Ford, Jr. would later assume these positions after 20 years of non-Ford family management of the company. During the interim, the family interests were represented on the board by Henry's younger brother William Clay Ford, Sr., as well as his son Edsel B. Ford II and his nephew William Clay Ford, Jr.

He died in Detroit at Henry Ford Hospital on September 29,1987, at the age of 70.

Management of the family business

When his father Edsel, the president of Ford, died in May, 1943 (during World War II), Henry Ford II was serving in the Navy, and was thus unable to take over the presidency of the family-owned business. The elderly and ailing Henry Ford, company founder, therefore stepped in and served as president until the end of the war. During this period the company began to decline, losing over $10 million a month. President Franklin Roosevelt had been considering a corporate bailout of the company in order to ensure continued war production.

Henry Ford II took over the presidency of the company on September 21, 1945. Since it had been assumed that Edsel Ford would continue in his capacity as president of the company for much longer than turned out to actually be the case, Henry Ford II had received little grooming for the position, and took over the company during a chaotic period; its European factories had suffered a great deal of damage during the war, and domestic sales were also in decline.

Henry Ford II immediately adopted an aggressive management style. One of his first acts as company president was to fire Harry Bennett, head of the Ford Service Department, who had originally been hired by Henry Ford to stifle attempts at unionization. Next, he hired former General Motors executives Ernest Breech and Lewis Crusoe away from the Bendix Corporation. Breech was to serve in the coming years as HF2's business mentor, and the Breech–Crusoe team would form the core of Ford's business expertise, offering much-needed experience.

Additionally, HF2 hired ten young up-and-comers, known as the "whiz kids". These ten, gleaned from an Army Air Forces statistical team, HF2 envisioned as giving the company the ability to innovate and stay current with the times. Two of them, Arjay Miller and Robert McNamara, would go on to serve as president of Ford themselves. A third member, J. Edward Lundy, served in key financial roles for several decades and helped to etablish Ford Finance's reputation as one of the best Finance organizations in the world. As a team, the "whiz kids" are probably best remembered as the design team for the 1949 Ford, which they took from concept to production in nineteen months, and which re-established Ford as a formidable automotive company. It was reported that 100,000 orders for this car were taken the day it was introduced to the market.

Upon the release of the CVCC engine by Honda Motor Company, Ford's then-President Lee Iacocca was highly interested in adopting the new engine in a small Ford vehicle, possibly the Pinto or Fiesta- perhaps even going as far to sell the Honda Civic as a Ford. The plan was scuttled by Henry Ford II who stated: "No car with my name on the hood is going to have a Jap engine inside." Ironically, the Mazda-based Courier was introduced in 1972, still during HF2's period of influence.

HF2's management style caused the company's fortunes to fluctuate in more ways than one. For example, his offering of public stock in 1956 raised 650 million USD for the company, but the "experimental car" program instituted during his tenure, the Edsel, lost the company almost half that. Likewise, HF2 hired the creative Lee Iacocca, godfather to the Ford Mustang, in 1964, but fired Iacocca due to personal disputes in 1978 (about the break in their relationship, HF2 was famously quoted as saying, "Sometimes you just don't like somebody"). Nevertheless, Henry Ford II's overall influence on the company was substantial. By the time he retired as Chairman in 1980, Ford Motor Company was the fourth-largest industrial corporation in the world. He retired as an officer and employee of Ford Motor Company on October 1, 1982, four weeks after his 65th birthday.

See also

References

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This biography says:

...Upon the release of the CVCC engine by Honda Motor Company, Ford's then-President Lee Iacocca was highly interested in adopting the new engine in a small Ford vehicle, possibly the Pinto or Fiesta- perhaps even going as far to sell the Honda Civic as a Ford...

That biography says:

...These included cars ultimately introduced by Chrysler- the K car and the minivan. Eventually, he became the president of the Ford Motor Company, but he clashed with Henry Ford II and ultimately, in 1978, he was fired by Henry II, despite Ford posting a $2 billion profit for the year...

That biography says:

...As executive director of the League, Young pushed major corporations to hire more blacks. In doing so, he fostered close relationships with CEOs such as Henry Ford II, leading some blacks to charge that Young had sold out to the white establishment. Young denied these charges and stressed the importance of working within the system to effect change...

That biography says:

...He was also good friends with Martin Luther King, Jr., Marian Anderson, Nelson Aldrich Rockefeller, Henry Ford II and so many other Americans. And also Israel's Golda Meir; as well as numerous leaders and people around the world.

This biography says:

...These ten, gleaned from an Army Air Forces statistical team, HF2 envisioned as giving the company the ability to innovate and stay current with the times. Two of them, Arjay Miller and Robert McNamara, would go on to serve as president of Ford themselves. A third member, J. Edward Lundy, served in key financial roles for several decades and helped to etablish Ford Finance's reputation as one of the best Finance organizations in the world...

That biography says:

...Trotman was a member of the Royal Air Force before joining Ford in the United Kingdom. He was involved in the development of the Ford Cortina compact car there and was noticed by Henry Ford II. He came to the United States and earned a reputation for cost cutting. He became CEO of the company in November 1993 and remained in the position until he retired in December 1998...

This biography says:

Henry Ford II (September 4, 1917 — September 29, 1987) – commonly known as "HF2" and "Hank the Deuce" – was the son of Edsel Ford and grandson of Henry Ford.

That biography says:

...Ford did not believe in accountants; he amassed one of the world's largest fortunes without ever having his company audited. The company's first audit occurred after Henry Ford II became head of the company. Henry Ford's intense commitment to lowering costs resulted in many technical and business innovations, including a franchise system that put a dealership in every city in North America, and in major cities on six continents...

That biography says:

One of the first crisis's Hayes had to deal with was the fallout of Ferrari's rejection of the proposed Ford takeover. Hayes became part of the team that supported Henry Ford II's thoughts that Ford should take on Ferrari directly in their own home market of racing. Hayes initiated discussion with Cooper which didn't come to fruition; but agreements with Lotus resulted in a successful Indianapolis 500 program, and with Lola to design, engineer and produce the prototypes of the all conquering Ford GT40...

This biography says:

...On July 13, 1960 he was additionally elected Chairman; he resigned as Chief Executive Officer on October 1, 1979, and as Chairman in 1980. His nephew, William Clay Ford, Jr. would later assume these positions after 20 years of non-Ford family management of the company...

That biography says:

...On his father's side his grandparents are Edsel Bryant Ford and Eleanor Lowthian Clay. Edsel Ford II, son of Henry Ford II and also a Board member, is Bill's cousin. Bill has three sisters: Martha Morse (who has 3 children), Shelia Hamp (who has 3 children), and Elizabeth Kontulis...

That biography says:

...It later became known in the West as the U.S. Military's base of operations in the Persian Gulf War. * Pharaon also owned the former Henry Ford II estate outside of Savannah, GA.

That biography says:

...However, General Motors and Ford Motor Company were locked in a battle for market supremacy that started in 1945 when Ford's new president, Henry Ford II, had a burning desire to make his company number one again. By 1953, all of the independent automobile manufactures were also feeling the after effects of Henry Ford’s plan to dump tens of thousands of vehicles into the market at discounted prices to try and wrestle the top automotive manufacturing title from GM...

That biography says:

...Sheen was also credited with helping convert a number of notable figures to the Catholic faith, including writer Heywood Broun, politician Clare Boothe Luce and automaker Henry Ford II....

That biography says:

...Historically, prominent figures on the IAC have included Gianni Agnelli (a longtime associate, who spent thirty years on the Committee), John Loudon (Chairman of Royal Dutch-Shell), C. Douglas Dillon, David Packard and Henry Ford II....

This biography says:

...On July 13, 1960 he was additionally elected Chairman; he resigned as Chief Executive Officer on October 1, 1979, and as Chairman in 1980. His nephew, William Clay Ford, Jr. would later assume these positions after 20 years of non-Ford family management of the company...

That biography says:

...On his father's side his grandparents are Edsel Bryant Ford and Eleanor Lowthian Clay. Edsel Ford II, son of Henry Ford II and also a Board member, is Bill's cousin. Bill has three sisters: Martha Morse (who has 3 children), Shelia Hamp (who has 3 children), and Elizabeth Kontulis...

That biography says:

(born Elena Anne Ford-Niarchos in 1966) is the daughter of Charlotte Ford, an heiress to the Ford Motor Company fortune, and Greek shipping tycoon Stavros Niarchos. She is a granddaughter of Henry Ford II and is currently the only member of the fifth generation of the Ford family who is involved with the company...

This biography says:

Henry Ford II (September 4, 1917 — September 29, 1987) – commonly known as "HF2" and "Hank the Deuce" – was the son of Edsel Ford and grandson of Henry Ford.

That biography says:

...He became secretary of Ford in 1915 and married Eleanor Clay, niece of department store owner J. L. Hudson, on November 1, 1916. Together they had four children: Henry Ford II, Benson, Josephine (1923-2005), and William Clay. They made their home at 2171 Iroquois St, in the Indian Village neighborhood of Detroit...

This biography says:

Born in Detroit, Michigan to [Eleanor Clay Ford] and Edsel Ford on September 4, 1917, he had three children: Charlotte, Anne, and Edsel Ford II....

That biography says:

...December 27 1948, Detroit, Michigan) is the great-grandson of Henry Ford and the son of Henry Ford II....

That biography says:

...Rumor at the time indicated this was prompted by being passed over for higher rank at GM (GM executive Ed Cole, father of the Corvair, got the top job). Henry Ford II was looking for a seasoned executive to take charge, allowing him to spend more time on outside activities, and so the opportunity was ripe...

That biography says:

...My (Sorensen) notes show how the Ford industrial empire was kept intact, also, hard struggle to bring Henry Ford II to directioin of its destinies. After leaving the Navy, a 24 year old Henry Ford II joined company management as a vice-president on December 15, 1943...