When his father
Edsel, the president of Ford, died of cancer in May 1943 (during
World War II), Henry Ford II was serving in the
Navy, and was thus unable to take over the presidency of the family-owned business. The elderly and ailing
Henry Ford, company founder, re-assumed the presidency. By this point in his life, the elder Ford was mentally inconsistent, suspicious, and no longer fit for the job; most of the directors did not want to see him as president. But for the previous 20 years, although he had long been without any official executive title, he had always had de facto control over the company; the board and the management had never seriously defied him, and this moment was not different. The directors elected him,
[5] and he served until the end of the war. During this period the company began to decline, losing over $10 million a month. The administration of President
Franklin D. Roosevelt had been considering a government takeover of the company in order to ensure continued war production, but the idea never progressed to execution.
Henry Ford II left the Navy in July 1943 and joined the company's management a few weeks later.