Business: Ford's New Man

A reliable regent

Only two days before the regular meeting of Ford Motor Co.'s board. Chairman Henry Ford II, looking trim and puffing a fat cigar, assured reporters that no new president would be named this month to succeed the unceremoniously sacked Lee Iacocca. Evidently Ford was only trying to confuse the newsmen, because last week the directors indeed named a new president.

He is Philip Caldwell, 58, a decisive but low-keyed executive, who has won Ford's attention as problem solver in a succession of jobs: chief of the company's truck operations, president of Philco-Ford, and head of automaking operations outside North America....

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