Bill Ford Earns Special Recognition from EY Global Family Business Center of Excellence
Ford Motor Company Executive Chairman Bill Ford received a Special Recognition award in Monaco this week, earning the honor from EY Global Family Business Center of Excellence. EY says that Ford is worthy of the award due to the values, vision, and verisimilitude he brings to the table for Ford and for the various endeavors he undertakes.
“Bill is the latest leader of an iconic family dynasty who has carried forward an exceptional legacy. His family roots prepared him to lead the Ford Motor Company and to ensure its continued longevity,” said Peter Englisch, EY Global Family Business Center of Excellence’s Global Leader.
“With just 10% of all family-owned businesses surviving beyond the second generation, we believe that a family business’ lasting success comes down to clearly defined values and cohesion,” Englisch added. “Many family businesses have changed the world and led their industries thanks to an exceptional entrepreneurial and innovative spirit that grows stronger through each generation.”
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EY—the letters indicating Ernst & Young—is a global leader in assurance, tax, transaction, and advisory service. The Global Family Business Center of Excellence was created in order to support family businesses and those who operate them—including businesses like Ford, built up from the legacy of patriarch Henry.
According to EY, 80% of all jobs in the majority of the nearly 200 countries around the world are provided by family-owned businesses.
Said Ford upon receiving his award: “I am honored to receive this recognition on behalf of the extended family of Ford Motor Company employees, dealers and suppliers around the world. I have been an advocate of the advantages of family involvement in business for years, believing that it benefits not only families and businesses, but also society as a whole.”
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