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Lions name Rod Wood team president

Allen Park — Rod Wood has been a trusted adviser to the Ford family for years, and now, the family will entrust the business operations of their football team to the longtime investment banker.

Wood, 55, will take over as team president and oversee the business decisions for the franchise after transitioning from his job as chief executive of Ford Estates. He will report directly to owner and chairwoman Martha Firestone Ford.

It’s unclear if Wood, who ran the family’s estate the past eight years, will have any role in personnel decisions or managing the salary cap.