Donald Petersen

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Person.png Donald Petersen  Rdf-entity.pngRdf-icon.png
(businessman)
Donald E Petersen.jpg
BornSeptember 4, 1926
Pipestone, Minnesota, United States
NationalityUS
Alma materUniversity of Washington, Stanford Graduate School of Business

Donald Eugene Petersen is an American businessman who was employed by the Ford Motor Company for 40 years, most notably as its chief executive officer from 1985 to 1990. He attended the 1988 Bilderberg meeting.

Early life

Donald Eugene Petersen was born in Pipestone, Minnesota. Petersen served in the U.S. Marine Corps in World War II and the Korean War. He received his B.S./M.E. from the University of Washington in 1946.[1] He was a member of Beta Theta Pi fraternity.[2]

Tenure at Ford (1949–1990)

Donald E. Petersen joined Ford in 1949 after receiving his MBA from the Stanford Graduate School of Business. Prior to his election as chairman, Petersen was President and COO (chief operating officer) from March 13, 1980.[3] He was a member of the board of directors from September 8, 1977, until his retirement in February 1990.

Donald E. Petersen stepped down as President, and became chairman of the board and chief executive officer of Ford Motor Company on February 1, 1985.[4] Hailed a "Most Valuable Person" of 1988 by USA Today and "CEO of the Year" by Chief Executive magazine in 1989, Petersen transformed Ford with his inclusive, team-oriented management style.

Donald Petersen also sat on the board of several major corporations in his career including, The Boeing Company, Hewlett-Packard, and Dow Jones Co.[5]


 

Event Participated in

EventStartEndLocation(s)Description
Bilderberg/19883 June 19885 June 1988Austria
Interalpen-Hotel
Telfs-Buchen
The 36th meeting, 114 participants
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References