Philip Caldwell

Graveside Service

11:00am ,Sunday, July 14, 2013 Lakeview Cemetery South Main Street New Canaan, CT 06840

Obituary of Philip Caldwell

Philip Caldwell, 93, retired Chairman of Ford Motor Company and New Canaan resident, died on July 10 at home as a result of complications from a stroke. He is survived by his wife Betsey and three married children, Lawrence and Jane Caldwell of New Canaan, CT, Tom and Lucy Caldwell-Stair of Newton, MA, and Bill and Désirée Caldwell Armitage of Concord, MA. He also leaves six grandchildren, David and Nicole Caldwell, Matt and Alex Caldwell Frisbee, Rebecca Stair, Peter Stair, Sarah Armitage, and Amelia Armitage. He also leaves five great-grandchildren, John, Ruth, and David Frisbee, and Adelaide and Philip Caldwell. Mr. Caldwell was born in 1920 in Bourneville, Ohio, the youngest of four children of Wilhelmina Hemphill Caldwell and Robert Clyde Caldwell. He graduated from Muskingum College in New Concord, Ohio in 1940 and received an MBA degree from Harvard Business School in 1942. During World War II, he served in the U.S. Navy as a Lieutenant, stationed first at Washington, D.C. and then at Pearl Harbor, Hawaii. His assignment in Pearl Harbor was to manage the staging from island to island of naval ordinance requirements as the American forces moved across the Pacific towards Japan. It was in Washington, D.C. where he met his wife, Betsey C. Clark. They married in 1945 following the War, and were happily married for nearly 68 years. Mr. Caldwell had lived in New Canaan since 1985, following his retirement as Chairman and Chief Executive Officer of Ford Motor Company in Dearborn, Michigan. He worked for Ford for 32 years, beginning his career in purchasing and engineering. Later, he became the first Ford general manager of truck operations, during which Ford became the best selling truck in America and remains so today. He then ran Ford of Europe, Ford’s manufacturing operations, and Ford’s international business. He became President in 1978 and Chairman and CEO in 1980. He was the first Ford CEO outside of the Ford family, succeeding Henry Ford II. During his tenure as Chairman, Ford introduced the Ford Taurus and the Company executed one of the largest financial turnarounds in American business history. When he retired from Ford, the United Auto Workers made him an honorary member of their Union. He served on numerous corporate boards including Chase Manhattan Bank, Digital Equipment Corp, Macy’s, and The Kellogg Company. From 1985-1998, he was Senior Managing Director at Lehman Brothers in New York City. He also served on many non-profit, business, and governmental advisory boards, including Muskingum College and the Business Roundtable. He was inducted into the Automotive Hall of Fame and the National Business Hall of Fame. He was awarded honorary degrees by nine educational institutions. The Philip Caldwell Professor of Business Administration was named in his honor by Harvard Business School. Mr. Caldwell had a great interest in American history and admiration for leaders of the American Revolution. He and his wife Betsey shared a fervent interest in American antiques and decorative objects. In conjunction with this interest, he served on the Board of Trustees of the Henry Francis DuPont Winterthur Museum in Greenville, Delaware. Mr. Caldwell was also responsible for Ford Motor Company’s 1985 sponsorship of The Treasure Houses of Britain, an exhibition of important objects from over 500 years of European and Asian history all sourced from England’s many country houses. It was one of the most ambitious and popular exhibitions ever undertaken by the National Gallery of Art. A memorial service will be scheduled at a later date. Donations may be made in his honor to Muskingum College, 163 Stormont, New Concord, OH 43762.
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