Ford Names New Head of North America Business

Ford Motor announced that Kumar Galhotra will be taking over the recently vacated spot of president for its North America business. The appointment was made after the abrupt departure of Raj Nair on Wednesday following internal investigations.

Ford logo atop Ford Motor Co headquarters

Galhotra will be responsible for a business that generates around 90 percent of Ford’s global profits.

He has been working with the carmaker for 29 years, and was seated as Ford’s chief marketing officer since 2017. Galhotra was also the previous head of its luxury Lincoln Motor Company arm. He will be directly reporting to Ford’s executive vice president and president of Global Markets, Jim Farley.

The appointment will take effect on March 1.

Aside from Galhotra, Ford has also made a handful of changes to its senior management team on Thursday. As his replacement, the company appointed Joy Faltico to take the vacated position for Lincoln and Ford’s CMO.

Changes also took place in Ford Motor Credit Company where David McClelland was made CEO and Ford’s vice president. Stuart Rowley was named vice president and chief operating officer for Ford North America. John Lawler will succeed Rowley as the company’s new vice president, Strategy.

As for Lawler’s successor, Cathy O’Callaghan was named vice president and corporate controller, and CFO, Global Markets.

Nair Leaves Ford

Part of Ford’s announcement was the immediate dismissal of North American chief Raj Nair due to allegations of “inappropriate behavior”.

The company did not disclose any details regarding the dismissal. Instead, Ford CEO and President Jim Hackett said, “We 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,” Hackett added.

The review showed that “certain behavior by Nair was inconsistent with the company’s code of conduct”.

Nair has been a part of Ford since 1987 and held various senior posts in the company prior to being named the head of the North American unit in June 2017. He also previously occupied the seat of executive vice president.

“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,” said Nair in the press release. “I continue to have the utmost faith in the people of Ford Motor Company and wish them continued success in the future.”

HQBroker is here to give you a daily news roundup about the forex, commodities, technologies, automobiles, and economies. You can open an account now and make yourself updated with essential news in the market. Share your thoughts and experiences with us by commenting your HQBroker reviews.

Categories: Automobile Industry, News

Tags: , , , , , , , ,

Leave a Reply

%d bloggers like this: