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Law Blog - WSJ.com (Free subscription) | 12/01/2008
... leave the telecommunications-equipment maker after 13 months as CFO. In October, Co. finance chief Don Leclair announced plans to retire. Co. will replace longtime CFO Clayton Daley on Jan. 1, and by year's end Corp. will bid farewell to its third CFO since March 2005.Other blue-chip companies that changed their CFOs in 2008 include Corp., Inc., Co., Corp. and Corp. CFOs at some financial-services...
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Detroit Free Press (Free subscription) | 11/14/2008
When the company changed its retention plan after Alan Mulally became chief executive officer in 2006, the company made cash payments of $2.3 million, $1.7 million and $1.3 million -- called retention settlement program payments to cover a previous retention plan -- to Executive Vice President Mark Fields and the firm's current and former chief financial officers, Lewis Booth and Don Leclair,...
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Law Blog - WSJ.com (Free subscription) | 11/03/2008
... matter said he was also concerned about the recent unexpected departure of Chief Financial Officer Don Leclair, considered the architect of the 2006 loan, and two board members.
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Times of the Internet (Free subscription) | 10/23/2008
DEARBORN, Mich., Oct. 22 (UPI) -- U.S. billionaire investor Kirk Kerkorian is concerned high level departures at Ford Motor Co. signal trouble at the company, a source said. Ford said the unanticipated resignation of Chief Financial Officer Don Leclair and the departures of board members John Bond and Jorma Ollila within a week thereafter were unrelated, The Detroit News reported Wednesday....
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The Truth About Cars (Free subscription) | 10/24/2008
... hasn’t put an end to the palace intrigue in Dearborn.The latest victim is chief financial officer Don LeClair. Other executives, complaining that LeClair was secretive and difficult to work with, threatened to quit if he wasn’t moved aside, according to two people with knowledge of the situation. ” LeClair isn’t the only one jumping ship; ”two outside directors also decided...
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The Truth About Cars (Free subscription) | 10/22/2008
... that began less than two weeks ago with the abrupt resignation of Chief Financial Officer Don Leclair. Since then, two of Ford’s most respected board members also have tendered their resignations. Ford says the events are unrelated, but a source close to Ford’s largest private shareholder told The Detroit News that Kerkorian doubts that and is concerned that the departures signal trouble...
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Detroit Free Press (Free subscription) | 10/21/2008
... time for the Dearborn automaker founded by Henry Ford in 1902. Ford shares recently fell below $2. Don Leclair, Ford’s chief financial officer, announced his sudden retirement, effective Nov. 1. And last week, two of Ford’s board members resigned.Ford is expected to reveal its third-quarter financial results before the end of the month.Contact SARAH A. WEBSTER at (313)222-5394 or .
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Financial Time (Free subscription) | 10/21/2008
... restructuring plan put in place by Alan Mulally, chief executive.Earlier this month Ford replaced Don Leclair with Lewis Booth as its chief financial officer. Two of its most experienced board members, Jorma Ollila and Sir John Bond, resigned citing other commitments.As it seeks to right its loss-making, core US auto business, Ford is also struggling to extract value from its overseas assets....
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Detroit Free Press (Free subscription) | 10/21/2008
... time for the Dearborn automaker founded by Henry Ford in 1902. Ford shares recently fell below $2. Don Leclair, Ford’s chief financial officer, announced his sudden retirement, effective Nov. 1. And last week, two of Ford’s board members resigned.Ford is expected to reveal its third-quarter financial results before the end of the month.Contact SARAH A. WEBSTER at (313)222-5394 or
