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