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Ford Ousts Chief of North American Unit for ‘Inappropriate Behavior’

2018-02-23 1 Dailymotion

Ford Ousts Chief of North American Unit for ‘Inappropriate Behavior’<br />“We made this decision after a thorough review and careful consideration,” Ford’s<br />chief executive, Jim Hackett, said in a statement released by the company.<br />Shortly before Mr. Hackett was named chief executive, Mr. Nair was one of at least four top officials given special stock-based retention bonuses.<br />The company is expected to move two current executives, Kumar Galhotra and Stuart Rowley, into new posts<br />that cover the responsibilities Mr. Nair had as the head of North America, two people familiar with the matter said.<br />The official, Raj Nair, had been an executive vice president and the head of Ford’s North American operations since June.<br />“The pressure is on Jim Hackett to lay out a clear road ahead for Ford.”<br />Mr. Nair, 53, had been seen as a rising star at the automaker, and a potential future chief executive.<br />Last May, the automaker named Mr. Hackett its new chief executive, replacing Mark Fields.

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