A big corporate shakeup just occurred in one of the Detroit’s “Big Three” yesterday when Ford Motor Company officially announced the breaking and sudden departure of longtime executive and Ford veteran Raj Nair, who held the position of Ford’s president of North America.
On the afternoon of February 21, Ford officially announced Nair’s departure.
Details aren’t yet widely available, but the announcement said the company’s decision stems from “a recent internal investigation into reports of inappropriate behavior,” and said behavior is “inconsistent with the company’s code of conduct.”
“We made this decision after a thorough review and careful consideration,” Ford President and CEO Jim Hackett said in the statement.
“Ford is deeply committed to providing and nurturing a safe and respectful culture and we expect our leaders to fully uphold these values.”
“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,” Nair said in his official statement.