Ford Appoints Hau Thai-Tang as Its New Purchasing Chief image

Ford appointed Hau Thai-Tang to be its purchasing chief, taking the place of Tony Brown, who will retire.

Thai-Tang, 46, currently serves as vice president of engineering and he also was the chief engineer for the 2005 Mustang, the first sports car all-new version in 25 years. In his new position Thai-Tang will be responsible for $90 billion in services and purchasing parts annually and he will also serve as the automaker’s point man in dealing with suppliers. Brown, 57, joined the US automaker in 1999 and he will be replaced by Thai-Tang effective August 1st.

Philip Caldwell, Ford’s first CEO outside the Ford family, died Wednesday, July 10th, at his home. Philip Caldwell died at the age of 93 of complications from a stroke.

Caldwell was chosen by Henry Ford II to replace him and become Ford’s CEO in 1979, instead of Lee Iacocca, who was fired while he served as the automaker’s president a year before. Caldwell was Ford’s director until 1990 and he retired after 32 years with the company.

“He helped guide the company through a difficult turnaround in the 1980s and drove the introductions of ground-breaking products around the globe,” said Ford Chairman Bill Ford.

Source: Bloomberg