Raj Nair, Ford's President of North America, exits company

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From the end of 2014 through December of previous year, Lincoln brand sales in the USA grew almost 18 percent under Galhotra. Before that, he was Ford's head of global product development and chief technical officer. Farley said in the release that Galhotra is a "seasoned leader who knows how to drive a business transformation".

Nair has led North America since June 1, 2017.

Mr Nair stands to lose about US$4.8 million (S$6.3 million) worth of Ford restricted shares he was granted in May 2017, which would have vested had he remained with the company until May 2020.

Joy Falotico is named group vice president, Lincoln Motor Company and chief marketing officer, succeeding Galhotra. He first joined Ford in 1987 as an engineer, according to a company bio. Analysts, however, have said they want a clearer picture of how Mr. Hackett plans to revitalize a company that is underperforming its peers. He apologized to workers and warned that there was "absolutely no room for harassment" at Ford.

"Another senior leadership change is the last thing Ford needs to deal with right now", Caldwell says. Galhotra has been with the automaker for 29 years.

In this position for three years, he was responsible for Product Development, Manufacturing, Purchasing, Quality and Information Technology within the Asia Pacific region.

Previously, Nair was executive vice president, product development, and chief technical officer, a position he held since December 1, 2015.

John Lawler will succeed Rowley as vice president of strategy.

Falotico, 50, previously was CEO of Ford Credit. He led a team that improved Ford's material cost competitiveness.

The company did not mention the details of the internal investigation or the reports against Nair, who was often called a rising star in Ford and a potential future chief executive. He moves now to one of Ford's biggest stages: Historically, several past leaders of Ford North America have moved on to higher roles, including CEO. She most recently was CFO of Ford South America. He will report to Shanks in the new role effective March 1st. In its announcement, the subject of Nair's replacement was left ambiguous, stating only that a decision would be coming soon.

Ford Motor Company is a global company based in Dearborn, Michigan.

Reached by phone at his home earlier Wednesday afternoon, Nair declined to comment to Automotive News when asked about his employment status with Ford.