 Henry Ford's great-grandson, William Clay Ford Jr., is the company's current Chairman of the Board and was CEO until September 5, 2006, when he named Alan Mulally from Boeing as his successor.In April 2000 the Ford Motor Company announced its recapitalization plan distributing about half of its $24 billion cash hoard, and paying a $10 billion special dividend, and the issuance of additional stock to the Ford family, to provide more flexibility for the Ford family in terms of estate planning.In 2000 Ford's cash hoard was the largest of any company in the world.