New: A daily newsletter defining what matters in business and markets

Stories

Ford's North America president exits amid allegations of misconduct

Raj Nair
Raj Nair at the North American International Auto Show in 2016. Photo: JIM WATSON/AFP/Getty Images

Ford announced Wednesday that its North America president, Raj Nair, is leaving the company, effective immediately. The announcement comes after an internal investigation found that Nair's behavior was "inconsistent" with the company's code of conduct. Ford did not include further details of the investigation's findings.

Nair, who has been president since June 1, 2017, said in a statement: “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. I continue to have the utmost faith in the people of Ford Motor Company and wish them continued success in the future.”

More stories loading.