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Ford's North American president out due to "inappropriate behavior"

Ford's North American president out due to

Ford began the investigation after a recent anonymous complaint from within the company.

The company does say that it is committed to having a safe and respectful culture and expects its leaders to uphold those values. Nair's GT was also the first one to roll off the production line for the 2018 model year.

Ford informed that as per the inquiry conducted, it was concluded that some of Raj Nair's behavior had not been consistent with the company's code of conduct. "On behalf of myself and the employees of Ford Motor Company, who condemn such behavior and regret any harassment as much as I do, I apologize".

The news that Nair will leave the US vehicle maker, comes less than a year after Ford agreed a major settlement pay out following an investigation by the US Equal Employment Opportunity Commission for sex and race harassment at two of its Chicago factories.

Like Nair, Galhotra, 52, is a Ford veteran.

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As of this writing Thursday morning, no further details have come to light.

The replacement for Nair's position has not been announced, but we can't imagine that his post will go unfilled for too long. Nair began his career at Ford 31 years ago and has held numerous other high-level positions, such as chief technology officer and head of global product development. "We are awarding a special stock award to [four] key leaders in critical areas as part of their long-term compensation", the company said last spring. He was widely seen as one of a handful of potential CEO successors as well as a visionary who took a lead role at the Detroit Auto Show in January. He now leads Ford Credit's marketing and has played a key role in its expansion in China. It's critical to funding Hackett's strategy of moving Ford into emerging opportunities and ensuring what he calls the carmaker's "fitness" to be fully prepared for what comes next in an industry undergoing rapid change. He's now Ford's controller.

Cathy O'Callaghan was named vice president and corporate controller, and chief financial officer, global markets. She is now CFO of Ford South America. Galhotra, who has led the Lincoln Motor Company since September 2014, will assume his new role March 1.

What does all this mean for Ford investors?

The departure of Mr. Nair removes a rising star and respected car-engineering expert from Mr. Hackett's management bench.


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