In an announcement that, in many ways, mirrors the sudden departure of former Lululemon Chairman and CEO Laurent Potdevin earlier this month, Ford announced late Wednesday that Raj Nair, an executive vice president and the president of Ford North America, would be leaving "effective immediately" due to unspecified reports of "inappropriate behavior."

An internal review determined that certain behavior by Nair was "inconsistent" with Ford's code of conduct.

"We made this decision after a thorough review and careful consideration," said Ford President and CEO Jim Hackett. "Ford is deeply committed to providing and nurturing a safe and respectful culture and we expect our leaders to fully uphold these values."

Nair said he "sincerely regrets" his actions...

Said Nair: "I sincerely regret that there have been instances where I have not exhibited leadership behaviors consistent with the principles that the Company and I have always espoused. I continue to have the utmost faith in the people of Ford Motor Company and wish them continued success in the future."

Nair has been president of Ford North America since June 1. Prior to that, he served as Ford’s head of global product development and chief technical officer.

A successor for Nair has not yet been named.