Last May, the automaker named Mr. Hackett its new chief executive, replacing Mark Fields. Mr. Hackett, a former chief executive of the office-furniture maker Steelcase, had been running Ford’s activities related to self-driving cars. Advertisement Continue reading the main storyShortly before Mr. Hackett was named chief executive, Mr. Nair was one of at least four top officials given special stock-based retention bonuses. After Mr. Hackett arrived, Mr. Nair was put in charge of North America, Ford’s largest and most profitable region. In the letter, Mr. Hackett declared, “I promise that we will learn from this and we will do better.”

Source: New York Times February 21, 2018 22:05 UTC