Doug Power

Doug Power is a senior executive at Ford Motor Company, serving as the Vice President of Corporate Development, a position he assumed in June 2021. Here are some key points about his background and role:

Experience

• Before joining Ford, Power spent 10 years at General Mills, where he was the Vice President and Global Head of M&A and Corporate Strategy. During his tenure, he led the company's largest public-company acquisition, the $8 billion purchase of Blue Buffalo Pet Products in 2018.123
• He has over 25 years of experience in corporate strategy and mergers and acquisitions, having worked in various industries including consumer packaged goods, technology, and finance. His previous roles include positions at NAVTEQ, Lucent Technologies, Merrill Lynch & Co., and Prudential Securities.23

Education

• Power holds a master’s degree in Business Administration from the University of Chicago and a bachelor’s degree in Economics from the University of Michigan.2

Role at Ford

• As Vice President of Corporate Development at Ford, Power is responsible for identifying and executing strategic, high-impact acquisition, investment, and partnership transactions. His focus is on advancing the Ford+ plan, which includes enhancing Ford’s leadership in electrification, connected vehicles, and innovative services. He works closely with potential partners, entrepreneurs, investors, and investment banks to drive these initiatives.12

Other Roles

• Power also serves on the board of directors of Rahr Corporation, a malted barley producer and distributor. He had a brief stint as a board member at Rivian from July to September 2021.23

His extensive experience in M&A and corporate strategy is crucial to Ford's efforts to expand its capabilities in electric vehicles, technology, and innovative services, aligning with the company's strategic growth and value creation plans.