Ford’s Global Director of Program Management, Prakash Patel, has been let go from the company after being accused of “inappropriate behavior.”
According to sources who spoke to Automotive News, Patel was fired over the improper behavior allegations.
It was several months ago that another executive, Raj Nair, had also left the company over similar allegations. Nair had since been hired as President and COO of Multimatic, a Canadian company that makes auto parts and builds the Ford GT.
Ford spokesman Dan Barbossa confirmed that Patel had left the automaker but did not comment on the Automotive News article. Barbossa said that the company doesn’t comment on personnel issues.
Patel was the former program lead for the 50th anniversary Mustang. He had also overseen a group of 1,200 employees that managed about $500 million in “engineering and expense spend for major programs including all launch related activities,” according to his LinkedIn profile.
The high-profile executive also had time at Ford’s luxury brand Lincoln.
The Detroit auto maker had reported second quarter earnings at the end of July that revealed earnings dropping by nearly 50%. The company had also lowered its earnings forecast for 2018, blaming it on a disruption in the production of its F-150 pickup truck and heavy losses in China during the quarter.
For the quarter, Ford earned $1.07 billion, or 27 cents a share. Analysts had been expecting 31 cents a share.
Ford is now guiding for adjusted earnings per share of between $1.30 and $1.50, from between $1.45 and $1.70 for 2018.
CEO Jim Hackett stated, “We’re clearly committed to redesigning and restructuring the underperforming parts of our business.”
He also said during the earning’s call, “Now I’d like nothing better than to give you visibility into the specifics of how we may restructure, but I want you to recognize we’re mindful of all of our stakeholders here, the employees, dealers, unions, regulators, government officials and investors. Therefore, we only can share information publicly once decisions are made. And we followed a similar approach last quarter when we announced our decision to exit sedan silhouettes in North America, but our commitment is to keep you informed and often.”
Ford also said it was close to hiring a new president for its China operations.