About three weeks after Ford said it was rehiring Vijay Sankaran, who spent much of the past seven years leading technology at TD Ameritrade, the car company says the executive won’t be rejoining after all.
Ford said in early November that Sankaran, 47, had recently signed on to become its chief software and information officer, after it became clear that he would not have such a position at Charles Schwab — which wrapped up its $22billion acquisition of TD Ameritrade on Oct. 6.
But, Sankaran — who worked at Ford from 2001 to 2013 — recently told the carmaker that “while he was excited by the opportunity to rejoin [it] during this transformative period for the company, he … wanted to take some time off to spend with his family before entering the next phase of his career,” according to Ford President & CEO Jim Farley. “We respect his decision and wish him the best in the future.”
Jeff Lemmer will serve as Ford’s chief information officer though year-end, and the company plans “to announce a permanent senior leader to oversee technology, software and data in the near future.”