UPDATED: 2/21/18 6:50 pm ET — add details, links
DETROIT — Raj Nair, president of Ford Motor Co. in North America, has left the automaker after he was accused of “inappropriate behavior,” Ford said Wednesday.
Ford, in a statement, said an internal investigation found that “certain behavior by Nair was inconsistent with the company’s code of conduct.” It did not divulge the nature of the complaint, which a spokesman said was submitted anonymously through a 24-hour company hotline. Ford said it had not previously received any such allegations against Nair.
Nair had been placed on leave during the investigation, which was conducted within the past few weeks and involved a small number of incidents, Ford said. His departure is effective immediately, and a spokesman said his successor will be named within days.
CEO Jim Hackett said Ford “made this decision after a thorough review and careful consideration. Ford is deeply committed to providing and nurturing a safe and respectful culture and we expect our leaders to fully uphold these values.”
In the statement, Nair, 53, said, “I sincerely regret that there have been instances where I have not exhibited leadership behaviors consistent with the principles that the Company and I have always espoused. I continue to have the utmost faith in the people of Ford Motor Company and wish them continued success in the future.”
Reached by phone at his home earlier Wednesday afternoon, Nair declined to comment to Automotive News when asked about his employment status with Ford.
CFRA Research analyst Efraim Levy cited Nair’s ouster in lowering his rating of Ford shares Wednesday to “hold” from “buy.”
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