Allan Gilmour, former CFO and vice chairman of Ford Motor Co., was named president of Wayne State University in Detroit today.
Gilmour, 76, has been interim president of Michigan's third-largest university since August after former WSU President Jay Noren stepped down in July.
He will serve through the 2012-13 academic year, the university said today in a statement.
“I've said before that higher education is a great calling,” Gilmour said in a statement. “These five months at Wayne State have been energizing and challenging. I am delighted to continue in the role of president and honored by the confidence the board has expressed in me.”
Gilmour is also the principal owner of Gilmour Ford-Chrysler in St. Johnsbury, Vt.
He first retired from Ford in 1995 as vice chairman after nearly 35 years with the company. He rejoined the automaker as vice chairman in 2002 and retired again in 2005 after leading finance, the general auditor's office, human resources, corporate affairs and corporate strategy. Gilmour also oversaw Ford's financial services sector that includes Ford Motor Credit Co. and Hertz Corp.