Ford reshuffles executives after abrupt departure of US chief
Ford Motor Co on Feb. 22 named company insider Kumar Galhotra as head of its North American operations, filling the gap left by the abrupt departure of Raj Nair after an internal investigation uncovered “inappropriate behavior” by the executive.
The appointment is effective March 1.
It did not give any details on what that behavior entailed. A company spokesman said the review was launched in the past few weeks after Ford received a report of inappropriate behavior.
Ford said in a regulatory filing on Thursday that under the terms of his separation agreement, Nair is entitled to retirement and healthcare benefits but will not receive a bonus for 2017 or 2018 and some equity-based awards will be canceled.
The company also made a handful of other changes to its senior management team on Thursday, appointing Joy Falotico to replace Galhotra as group vice president for Lincoln and chief marketing officer.
David McClelland was made vice president of Ford and CEO of Ford Motor Credit Co, Stuart Rowley was named vice president and chief operating officer for Ford North America and John Lawler was appointed vice president, strategy of Ford.
Cathy O’Callaghan was named vice president and corporate controller, and chief financial officer, global markets.