Allan Gilmour

Ford Vice Chairman Gilmour to Retire: Allan Gilmour, once considered a front-runner to head America's second-largest auto maker, said he will retire at year's end. Gilmour, 60, joined Ford Motor Co. in 1960 as a financial analyst and moved up the ranks. He was appointed vice chairman in 1992. No replacement was named. Executives now reporting to Gilmour will report to Chairman Alex Trotman after the retirement.

In the latest appointment of a top-level executive to help turn the company around from its $5.45-billion loss last year, Ford Motor Co. on Monday announced that former Vice Chairman Allan Gilmour is rejoining the company as chief financial officer. Gilmour, 67, retired from Ford in 1995 but has retained ties with the auto maker and with Chief Executive William Clay Ford Jr. through his work chairing Henry Ford Health Systems, a leading health-care provider in Michigan.

In the latest appointment of a top-level executive to help turn the company around from its $5.45-billion loss last year, Ford Motor Co. on Monday announced that former Vice Chairman Allan Gilmour is rejoining the company as chief financial officer. Gilmour, 67, retired from Ford in 1995 but has retained ties with the auto maker and with Chief Executive William Clay Ford Jr. through his work chairing Henry Ford Health Systems, a leading health-care provider in Michigan.

Ford Vice Chairman Gilmour to Retire: Allan Gilmour, once considered a front-runner to head America's second-largest auto maker, said he will retire at year's end. Gilmour, 60, joined Ford Motor Co. in 1960 as a financial analyst and moved up the ranks. He was appointed vice chairman in 1992. No replacement was named. Executives now reporting to Gilmour will report to Chairman Alex Trotman after the retirement.

In response to a letter from Sara B. Drescher (Nov. 5), let me assure Ms. Drescher that physicians and hospitals are not "exempt from criticism." Newspapers seem to print more letters critical of health care providers than in praise of them. Drescher's main concern, however, was with a near $14,000 total bill for a cataract operation. I sympathize with her because that sounds like a lot of money for an outpatient procedure.

Ford Motor Co., Detroit, installed Allan Gilmour, executive vice president and chief financial offer, as a director and one of four members of the office of chief executive.

Ford Motor Co. promoted Controller Don Leclair to chief financial officer -- its fifth in four years -- allowing an insider to oversee cost-cutting launched by former CFO Allan Gilmour. Gilmour, who is also vice chairman, will take a role in plotting long-term strategy and will continue to guide the company's finances and its Ford Credit lending arm. He also will oversee corporate affairs and human resources. Ford's shares fell 1 cent to $11.13 on the New York Stock Exchange.

Ford Likely to Name New CEO in '93: Ford Motor Co. Chairman and CEO Harold A. Poling said a decision on who will replace him will be made "sometime next year." Poling said the issue of who will succeed him at the helm of the second-largest U.S. auto maker was not discussed at Ford's board meeting. Media reports have speculated that Alexander Trotman, 59, executive vice president of North American operations, would be approved by the board as Ford's next chairman.

Ford Motor Co. plans to announce a new round of high-level management changes as soon as today as part of the auto maker's turnaround effort, according to published reports. Ford is expected to announce that Allan Gilmour, 67, a retired Ford vice chairman, is returning to his former job as Ford's chief financial officer, according to the Detroit Free Press and the Detroit News.

Ford Motor Co. announced Wednesday a restructuring of its strategic planning operations that results in 32-year-old William Clay Ford Jr. moving a step closer to the top of the auto maker. Ford, nephew of Henry Ford II, the former chairman who died in 1987, and son of William Clay Ford Sr., who retired last April as vice chairman, was named director of business strategy for Ford's Automotive Group. The appointment takes effect at once. He reports to Allan D.

In response to a letter from Sara B. Drescher (Nov. 5), let me assure Ms. Drescher that physicians and hospitals are not "exempt from criticism." Newspapers seem to print more letters critical of health care providers than in praise of them. Drescher's main concern, however, was with a near $14,000 total bill for a cataract operation. I sympathize with her because that sounds like a lot of money for an outpatient procedure.

Allan Gilmour, a bright, soft-spoken Ford executive who has worked hard in recent years to broaden his experience beyond his financial background, appears poised to succeed Ford Chairman Donald Petersen. Gilmour, 54, currently Ford's executive vice president for international automotive operations, is expected to be named a vice chairman of the company at next week's directors meeting, filling a slot left vacant by the recent retirement of William Clay Ford, the younger brother of Henry Ford II.

Ford Motor Co. Chairman Donald E. Petersen was awarded $10.5 million for 1988, including $7.2 million in stock options, making him the leader in auto executive compensation so far, the company said today. The nation's No. 2 auto maker said in its proxy statement mailed to shareholders that Petersen received $3.3 million in salary and supplemental compensation, including bonuses and company contributions to savings and stock investment plans. Ford President Harold A. Poling received $4.1 million--$2.