[15] The scandal helped lead to a sharp dip in Ford's 2001 quarterly share prices. The magazine further opined that since becoming Ford's automotive president in October 1996, "the blunt-talking Australian has transformed Ford from struggling with the worst profit margins in the business to scoring record earnings last year - surpassing General Motors. Jacques Nasser is 71, he's been the Lead Independent Director of Fox since 2019. [17] On 2 August 2015, it was confirmed that Nasser had joined the board of Koç Holding[2][17] a large Turkey-based conglomerate. He served as president and chief executive from January 1, 1999 to October 2001. There are 5 executives at Fox getting paid more, with Rupert Murdoch having the highest compensation of $42,156,100. He was most recently the Board Chairman of BHP Billiton and has served as a Member on the Board of Directors of 21st Century Fox, Brambles Industries and British Sky Broadcasting. [14] He remained president and CEO of Ford Australia until 1993,[7] where he picked up the corporate nicknames "Jac the Knife" for costcutting[14] efforts with Ford's supplier base. He served as an Advisor to One Equity Partners LLP, a private equity firm, from 2013 to 2019, after serving as a Non-Executive Advisory Partner from 2010 to 2013 and a Senior Partner from 2002 to 2010. He returned to Australia and worked as a manager of financial analysis and product programming. It serves customers under the Akpa, Aygaz, Lipetgaz, Mogaz, Pursu, Aygaz Dogalaz, Demir Export, Ditas, Opet Fuchs, Opet, THY Opet, Tupras, and Entek brand names. Mr. Nasser has been a Director of Koç Holding A.S. since 2015. He was most recently the Board Chairman of BHP Billiton and has served as a Member on the Board of Directors of Brambles and Sky. Mr. Nasser has been a Director of Koç Holding A.S. since 2015. [31] In October 2001,[23] the 53-year-old Nasser[14] retired from his position as Ford's CEO. [12], Upon graduating,[7] in 1968 the 20-year-old Nasser joined Ford Motor Company as a financial analyst,[3] working at the head office in Australia. In 2008 he received the Ellis Island Medal of Honor for outstanding contributions to American Society. [15][20] PAG was formed to oversee the business operations of Ford's high-end automotive marques,[21] and it grew to include responsibility for the Lincoln, Mercury, Aston Martin, Jaguar, Land Rover and Volvo brands. He has a sister named Betty.[47]. [23] He was succeeded in both positions by William Clay Ford Jr,[23] who as Henry Ford's great-grandson had previously been chairman[16] and president. He was Chief Executive Officer, President and a Director of Ford Motor Company from 1998 to 2001, after holding various executive positions in Europe, Australia, Asia, South America and the United States. [3][third-party source needed] He also has been known to support organizations such as Focus: HOPE, a training center in Detroit. Wrote Fortune about his time as VP, "if Ford is a religion, then Nasser is the head preacher. Nasser graduated in Business from RMIT University in Melbourne, Australia, and received a Doctorate of Technology honoris causa. [3][7], While remaining in charge of Autolatina,[3] in 1989 he also took charge of Ford Australia, where he had started his career. "[39], On 5 December 2012, Smart Company named Nasser No. Jacques Albert Nasser is Lead Independent Director of the Company. Perhaps this is because any thorough review demonstrates the close alignment between CEO pay and company performance. "[23][24][25], He diversified Ford's businesses to include e-commerce, junkyards, auto-repair shops,[18] and car distribution among others. [15][20] Nasser's manager evaluation system had also proved controversial at Ford,[7] with allegations of reverse discrimination. [13] The projected high-profile appointment met with a great deal of attention in the press, and largely positive reactions. After serving as a Director of BHP Billiton Limited and BHP Billiton Plc since 2006, Mr. Nasser was appointed Chairman of both companies effective March 31, 2010.BHP Billiton is a global leader in the resources industry, formed from a merger between BHP and Billiton. In 1973, he joined the company's global financial staff, transferring to Ford's North American Truck Operations. Mr. Nasser is the Lead Independent Director and serves as Chair of the Compensation Committee and a member of the Audit Committee. 6 on a list of the "most powerful people in Australian boardrooms. Fox Corp. delivers compelling news, sports and entertainment content. [18] He also oversaw Ford's 1999 acquisition of Volvo for $6.45 billion, LandRover for $2.8 billion, and helped Ford start an "automotive e-business integrated supply chain. [31] In October 2001,[23] the 53-year-old Nasser[14] retired from his position as Ford's CEO. [17] The following year he became a senior partner at One Equity Partners,[7] the private equity arm of JPMorgan Chase. [3] Afterwards, he returned to Australia to work as a manager of product programming and financial analysis, before joining Ford's International Automotive Operations. "[16], Fortune in June 1998 described Nasser as "heir apparent" to Ford CEO Alex Trotman, who was soon to retire. 6 Jac Nasser", "BHP chairman Jac Nasser joins KOC Holdings and stirs succession talk", "Global Hotelier, Abdul Suleman, Awarded 2014 Ellis Island Medal of Honor", "Jac Nasser's remarkable voyage to summit", "Jacques A. Nasser, President, Ford Automotive Operations Will Address The 1998 New York International Auto Show", "Jac Nasser Is Car Crazy More import than insider, Nasser doesn't do things the way they've always been done in Detroit. [13] Before the role was finalized, Robert A. Lutz of Chrysler categorized Nasser as a "brilliant automotive executive and unconventional thinker" and opined "they'd be crazy not to give him the top job. Nasser has slashed over $4 billion in costs in the past 18 months... and this fall he will show a further 10% of Ford's 53,000 salaried staff the door. Nasser again denied that Ford had responsibility in the accidents, with Ono admitting some fault. Following a 33 year career with Ford in various leadership positions in Europe, Australia, Asia, South America and the US, Mr. Nasser served as a member of the Board of Directors and as President and Chief Executive Officer of Ford Motor Company from 1998 to 2001. [3] While in his position of Ford's VP, Fortune writes that he developed a reputation for working 18-hour days and regularly interacting with Ford employees via a newsletter. [28] On 6 September 2000, Nasser and Bridgestone executive Masatoshi Ono confronted a US Congressional sub-committee on the recall. "[19] Also, by late 1999 Nasser was working to sell the underperforming in-house parts company, Visteon. Jacques Albert Nasser serves as Non-Executive Independent Director of the Company. He has a sister named Betty.[47]. Staff members recall Wetlaufer telling tales about recently separated Ford CEO Jacques Nasser, for example, including the time she accompanied him to … Nasser also has a flair for car design and has reinvigorated Ford's overseas operations. [15] After an investigation in early 2000 found that tread separation on Firestone tires[15] had led to fatalities in some Ford Explorers,[21] Nasser appeared on prime-time television to announce a product recall[21] allowing Ford owners to change the affected tires for others. [17] At the time Ford was the world's most profitable automaker, with profits of $7.2 billion on sales of $163 billion, so he was given free rein to experiment by the simultaneously appointed chairman Bill Ford. “We are thrilled to welcome our new colleagues to the Fox board,” Lachlan K. Murdoch said in a release. ... should be given to including Jac as his net worth is now thought to be more than $100 million. He subsequently was a partner at One Equity Partners (JPMorgan) and on the board of British Sky … The company was founded on May 3, 2018 and is headquartered in New York, NY. The Board looks forward to Jac leading the Group as Chairman." Koç Holding A.S., through its subsidiaries, engages in the energy, automotive, consumer durables, finance, and other businesses in Turkey and internationally. Biography. In June 2006 he was appointed to the board the Australian mining company BHP Billiton, specifically BHP Billiton Limited and BHP Billiton Plc. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. [citation needed][10] At four years of age Nasser moved with his family to Melbourne, Australia. Marshal (1973) and One Girl’s Confession (1953). According to The Times, "Mr Nasser's appointment gives the Anglo-Australian miner access to a range of new contacts in the business world, particularly on Wall Street. The most active insiders traders include James Breyer, Jeffrey W Volpe Velox, L.P.... e Keith Rupert Murdoch. Mr. Nasser was born in Lebanon, raised in Australia and graduated in business from the Royal Melbourne Institute of Technology, Melbourne. Nasser is presently on the Board of Directors of Fox Corporation. That's why he's the perfect guy to lead Ford into the next century", "Ford tells Nasser: Hit the road Jac, Drive", "Chairman Ford - His Roots, His Role, His Priorities", "Ford Focus ZX5 five-door to debut this fall", "Article: Ford: Problem tires made during Firestone strike", NHTSA Recall Campaign 01T-016 Q4 Vehicle Safety Recall Quarterly Report Information, 25 January 2008 (Amended 26 March 2009), National Highway Traffic Safety Administration, "Ford Is Changing the Way It Rates Work of Managers", On your marques: former Ford chief Nasser eyes up Jaguar, "Mining giant chooses former Ford chief as next chairman; Ex-Ford chief chosen to lead mining giant ; Jacques Nasser, known for cost-cutting, to take reins at BHP Billiton", "BHP Billiton appoints Jacques Nasser as chairman", "Former Ford CEO Nasser to Lead BHP Billiton Board", "Jac Nasser, chairman BHP Billiton, on the Samarco mining disaster in Brazil", "BHP announces external investigation into Samarco mine disaster", "Progressive dividend sets BHP Billiton apart, says Jac Nasser", "BHP chooses Ken MacKenzie as new chairman", "BHP appoints Ken MacKenzie to replace Jac Nasser as chairman", http://people.com/archive/driving-force-vol-54-no-13/, http://www.afr.com/brand/afr-magazine/bhp-chairman-jac-nasser-reflects-on-30-years-in-management-20170418-gvmsyz, "Fourth Annual 'Car Guy of the Year' Award Goes to Jacques Nasser", https://en.wikipedia.org/w/index.php?title=Jacques_Nasser&oldid=984909758, Creative Commons Attribution-ShareAlike License, This page was last edited on 22 October 2020, at 20:38.

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