Philip Caldwell, the first non-family member to be a Ford Motor Co. CEO, has died at his home in New Canaan, Conn., at the age of 93 due to complications brought about by a stroke.
Caldwell, a plain spoken, mild-mannered fellow took the helm of the American carmaker in 1978 after Lee Iacocca has fired by Henry Ford II. Iacocca went on the Chrysler where he made a car that was most famous for its ability to travel through time and was arrested and charged for being a drug kingpin of sorts, a charge that he was not convicted of.
Speaking about Caldwell’s contribution to Ford, the company he served for 37 years, Bill Ford, the executive chairman of the namesake automaker, said in statement:
“Philip Caldwell had a remarkable impact at Ford Motor Co. over a span of more than 30 years. Serving as CEO and later as Chairman of the Board of Directors, he helped guide the company through a difficult turnaround in the 1980s and drove the introductions of ground-breaking products around the globe. His dedication and relentless passion for quality always will be hallmarks of his legacy at Ford. Our thoughts and prayers go out to his family.”