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Jason Luo has resigned from Ford China.
Jason Luo has resigned from Ford China.

Ford China CEO and Chairman Jason Luo, who began to lead the US automaker's China operations for roughly five months, has resigned from the company.

Luo's resignation was effective immediately, the company said in a statement on Monday (29 Jan, 2018).

“Jason offered his resignation for personal reasons that predate his time at Ford,” said Peter Fleet, Head of Ford's Asia Pacific operations, in the statement.

“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,” Fleet remarked.

The action comes after a disappointing annual earnings report that included declining sales in China. Ford’s overall sales declined 6% to 1.19 million vehicles in 2017, even as overall demand in China increased.

Ford did not name a replacement, saying it will be "the subject of a future announcement."

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