'Alexander James Trotman, Baron Trotman' was
Ford Motor Company's first foreign-born chairman and CEO. He was born in 1934 and died on
April 25,
2005 in
Yorkshire, England.
Trotman was a member of the
Royal Air Force before joining Ford in the
United Kingdom. He was involved in the development of the
Ford Cortina compact car there and was noticed by
Henry Ford II. He came to the
United States and earned a reputation for cost cutting. He became CEO of the company in November 1993 and remained in the position until he retired in December 1998. He was the first foreign-born CEO of the company, but was succeeded by
Jacques Nasser of
Australia.
One of Trotman's main contributions at Ford was the Ford 2000 initiative, launched in 1995. This was an attempt to unify and consolidate Ford's manufacturing, marketing and product development forces around the world. The initiative produced $5 billion in cost savings, and produced $7 billion in profits for Ford in 1997. Some people considered it a failure, however, as many of the resulting products (like the
Ford Contour and
Mercury Cougar designs based on the European
Ford Mondeo platform), were not very competitive in the American market in the long term, and the major restructuring was disruptive to the company. The inability of senior management to successfully implement this program in the mid- to late-90's turned out to be a huge opportunity lost, one that Ford is desperately trying to leverage under the leadership of
Alan Mulally in 2007. Mr. Trotman retired after 43 years with Ford in a variety of positions throughout Europe, North America, and Asia-Pacific.
Mr. Trotman was knighted by Queen Elizabeth II in 1996 and was created a
Life peer as 'Baron Trotman', of Osmotherley in the County of
North Yorkshire on
2 March 1999. He ranked number 865 on the
Sunday Times Rich List 2004 with a net worth of £45m.
External link
★
Announcement of his introduction at the House of Lords House of Lords minutes of proceedings, 22 June 1999