Word: knudsen
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Ever since last February, when Henry Ford II landed G.M.'s Semon E. Knudsen as his company's new president, Detroit has fairly rumbled with rumors of other changes at Ford. Few were surprised last month when ex-President Arjay Miller, who had been moved sidewise to make way for Knudsen, announced plans to move west to head Stanford University's Graduate School of Business. Now a second exit has caught the motor city off guard. Last week Ford announced the resignation of one of the industry's brightest executives: Donald N. Frey, 45, a prime...
Frey decided a month ago that he would leave Ford. He knew that Ford's presidency would not likely be open again until 1978, when Knudsen turns 65. Even then, the man next in line is Lee Iacocca, currently Ford's third-ranking executive and, at 43, a year and a half younger than Frey...
...last week after Frey told Ford and Knudsen of his plans, he quietly flew off to Manhattan for a string of job interviews. Not that he is really pounding the pavements. Prey's requirements: chief operating officer of a medium-sized company, preferably grounded in technology and involved in the design, manufacture and sale of a product-and, presumably, in need of a few better ideas...
...Losers in the bidding: a group led by the U.S.'s Morrison-Knudsen Co. and another formed around British companies, including English Electric...
...Stanford University's Graduate School for Business effective next July. Miller recalls: "Mr. Ford understood why I wanted to go." So did other automen in Detroit. Miller's leavetaking had been expected since February, when Henry Ford II raided General Motors and came away with Semon E. Knudsen to replace him as president at Ford. Miller at 51 was shunted sideways into the newly created spot of vice chairman-after 22 years with the company, which he joined with Robert McNamara as one of the famed "whiz kids." A scholarly executive who once taught economics at the University...