🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

UPDATE 1-Ford U.S. chief leaves after probe into inappropriate behavior

Published 2018-02-21, 05:05 p/m
© Reuters. UPDATE 1-Ford U.S. chief leaves after probe into inappropriate behavior
F
-

By Nick Carey

DETROIT, Feb 21 (Reuters) - Ford Motor (NYSE:F) Co F.N said on Wednesday that Raj Nair, its president for North America, was leaving the company immediately after an internal investigation found his behavior was "inconsistent with the company's code of conduct."

Ford did not give any details on what that behavior entailed. His departure comes after several high-profile business leaders have quit or been fired following accusations of sexual misconduct.

"We made this decision after a thorough review and careful consideration," said Ford Chief Executive Jim Hackett in a statement. "Ford is deeply committed to providing and nurturing a safe and respectful culture and we expect our leaders to fully uphold these values."

Nair apologized, without elaborating.

"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 Ford's statement.

A spokesman for No. 2 U.S. automaker said the company would not comment on the nature of Nair's behavior beyond what was in its official statement.

Nair was appointed to his current position last May when Hackett became CEO. Nair previously served as Ford's chief technical officer.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.