Harold Arthur Poling
Harold Arthur "Red" Poling (October 14, 1925 – May 12, 2012) was a U.S. automobile businessman.
Harold Arthur Poling | |
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_in_1986.png.webp) Poling in 1986 | |
| Born | October 14, 1925 Troy, Michigan |
| Died | May 12, 2012 (aged 86) |
| Other names | Harold Arthur "Red" Poling |
| Alma mater | Monmouth College, Indiana University |
| Occupations |
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| Awards | Lone Sailor Award, by the U.S. Navy Memorial Foundation for his naval career |
Early life
Harold Arthur Poling was born in Troy, Michigan, but grew up in Fairfax, Virginia.[1] Poling graduated from Monmouth College in 1949. He earned his MBA at Indiana University.
Personal life
Poling married Marian Lee in 1957.[1] He had three children: Pamela, Kathryn, and Douglas.[1] Poling was an avid and accomplished golfer.[2]
Career
Poling served as a fighter pilot in the United States Navy. His sometime corporate rival, Robert Lutz, had been a fighter pilot in the United States Marine Corps. Their clashes sometimes led subordinates to joke about "who won the dogfight today?"
Poling started at Ford Motor Company as an intern, while still attending Indiana University.[1] After school, he took a job in 1951 as a cost analyst at Ford's Steel Division. Poling made his swift climb through the company as a financial executive, serving as a manager, assistant controller, and controller of the transmission and chassis division during the 1960s, then as controller of the engine division, then controller of the car product development group. During this time he was responsible for codification of much of Ford's "Finance Manual", directing his subordinates in standardization of the company's financial reporting and analysis practices. During the mid-1970s he worked in Ford's European Operations.[1]
In the late 1970s he was vice-president of corporate staffs, then in 1980 replaced William O. Bourke as executive vice-president of North American Automotive Operations (the company's biggest operating unit). The company was in cash and cost trouble, and Bourke refused to make some of the cost cuts that chairman Philip Caldwell thought necessary. Poling was never averse to cutting cost and succeeded in returning the unit to profitability. He was often cited as the man that saved Ford Motor Company in the 80's.
He served as the president of the Ford Motor Company between February 1, 1985, and October 13, 1987, when he took the role of second vice chairman alongside current vice chairman William Clay Ford Jr.[3] He became the CEO and chairman on March 1, 1990, and remained in that role until 1993.[4][5] He made his mark at Ford's European Operations in the late 1970s and was widely considered as a savior of the company in his stint as executive vice-president for North America in the early 1980s.
Death
He died at the age of 86 on May 12, 2012, at his home in Pacific Grove, California.[6]
Awards and honors
In 1993, Poling was awarded the Lone Sailor Award by the U.S. Navy Memorial Foundation for his naval career.
References
- "Chief steered Ford through 2 recessions". The Los Angeles Times. 2012-05-17. p. AA5. Retrieved 2021-01-18 – via Newspapers.com.
- Levin, Doron P. (April 22, 1990). "Now It's Red Poling's Turn at Ford". New York Times. Retrieved October 18, 2015.
- Spelich, John (1987-10-14). "2 units formed at Ford". Detroit Free Press. p. 7B. Retrieved 2021-01-18 – via Newspapers.com.
- "Ford chairman Harold Poling retiring, replacement named". Sun Journal. Associated Press. 5 October 1993. Retrieved 16 March 2011.
- Gardner, Greg (1990-02-27). "Petersen hands over Ford's keys". Detroit Free Press. p. 1. Retrieved 2021-01-18 – via Newspapers.com.
- Klayman, Ben. "Former Ford CEO Harold "Red" Poling dies". Reuters. Archived from the original on March 8, 2016. Retrieved January 18, 2021.
External links
Media related to Harold Arthur Poling at Wikimedia Commons