Donald Petersen, Former Ford Chairman and CEO, Dies at 97 [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
The mass market audience knows his work best through the Taurus , which was introduced on his watch. But it's the way he saved the Mustang that earned him praise in our pages in the mid-'80s. Former Ford chairman and CEO Donald E. Petersen dedicated more than 40 years to the automaker, and his career is being remembered with high praise as the industry hears the news that he has died this week at his home in Bloomfield Hills, near Detroit. He was 97. Petersen was also warmly regarded during much of his time at Ford. He was inducted into the Automotive Hall of Fame in 1992. This followed a double honor from the organization in 1987 when he won the Industry Leader of the Year Award and a Distinguished Service Citation Award. According to the AHoF, Peterson was also named a "Most Valuable Person of 1988" by USA Today and"CEO of the Year" by Chief Executive magazine the following year. When Petersen, a mechanical engineer, was elected to the National Academy of Engineering in 1988,
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