Ford has just lost one of the top players on its management team with the departure of Raj Nair. It certainly wasn’t planned – Ford just offered Nair a US$5m retention bonus last year that would vest in May 2020. The timing could also have been better – the OEM’s stock remains solidly out of favour and on track to hit a 52-week low. Meanwhile, President and Chief Executive Jim Hackett is under increasing pressure from the investment community to detail his revival plan. However, it appears to be a severance the OEM couldn’t afford to avoid….
Lack of leadership consistency threatens as Ford ousts ‘rising star’
Raj Nair is leaving immediately due to unspecified inappropriate behaviour, writes Megan Lampinen