Tag: Hiroto Saikawa
Nissan may select its potential buyer as early as October.
October deadline set for Nissan to replace Hiroto Saikawa.
The Nissan board is hoping to find a successor to Hiroto Saikawa by the end of October.
Hiroto Saikawa's resignation marks the latest upheaval over governance at the troubled Japanese automaker.
Hiroto Saikawa, who is ready to resign as CEO, is also willing to take responsibility for scandals involving Carlos Ghosn.
Christina Murray, Nissan’s vice-president in charge of audit and compliance, will leave the company as soon as Sept 10.
An internal company probe found Hiroto Saikawa had received tens of millions of yen more than he should have through a stock appreciation rights scheme.
Hiroto Saikawa will also be questioned about whether he asked Nissan to buy the house, and be repaid later in instalments.
While Hiroto Saikawa stays on as Nissan's president, Renault Chief Executive Officer Thierry Bollore will be brought in as a board member.
Nissan Motor Co CEO Hiroto Saikawahas yet to announce a turnaround plan, which raises questions of whether he is fit to continue as Nissan's head.
Hiroto Saikawa plans to stay in Nissan for three years to help the automaker recover from the aftermath of the Ghosn scandal.
Japanese law allows companies to operate without a chairman, as some companies choose that route as a way of distributing power across top management.
Renault owns 43.4% of Nissan, which holds a 15% stake in its French parent but has no voting rights.
Saikawa said he could not reveal all details of what had happened because the case was still under investigation.
China is poised to overtake the US to become Nissan’s biggest market this year, and the Japanese carmaker trails only Volkswagen AG and General Motors Co in the country.