Thomson ReutersJuly 11, 2013 15:33
DETROIT (Reuters) - Philip Caldwell, the first CEO of Ford Motor Co <F.N> from outside the Ford family, died at his home Wednesday.
Caldwell, who lived in New Caanan, Conn., was 93. He died of complications from a stroke, his family said on Thursday.
Henry Ford II chose Caldwell to replace him as Ford CEO in 1979 over Lee Iacocca, whom Ford fired as the company's president the year before. Caldwell was named chairman in 1980.