Ford’s China CEO Abruptly Resigns Due to Personal Reasons
Feb. 2, 2018—Ford China CEO Jason Luo recently resigned because of personal reasons, the automaker said.
The move surprised industry insiders, as Ford attempts to gain footing after offering a less-than-ideal outlook for 2018, according to USA Today.
Prior to joining Ford, Luo was CEO of Key Safety Systems in Sterling Heights, Mich. His sudden resignation comes less than a week after a disappointing Ford annual earnings report that included declining sales in China, the world’s largest car market.
“Jason offered his resignation for personal reasons that predate his time at Ford," Peter Fleet, Ford group vice president and president, Ford Asia Pacific, said. "Ford accepted Jason’s resignation as the right way for him and the company to proceed. Jason’s decision was not related to the business strategy or performance of Ford China, which remains robust, with a bright future ahead. We continue to act in the best interest of our company, employees, and stakeholders.”
Ford did not immediately name a replacement for Luo, saying “it will be the subject of a future announcement.”