The CEO of crisis-hit Japanese automaker Nissan plans to resign, reports said Monday, as the firm's board meets to discuss an audit launched after ...
TOKYO: The CEO of crisis-hit Japanese automaker Nissan plans to resign, reports said Monday , as the firm's board meets to discuss an audit launched after former chief Carlos Ghosn's arrest over financial misconduct.
Nissan's board, including executives from the firm's alliance partner Renault, will meet at the company's Yokohama headquarters outside Tokyo from Monday afternoon. Nissan has not confirmed the details of the payments, but Saikawa apologised last week, while denying any wrongdoing."I left the issue to someone else so I had thought it was dealt with in an appropriate manner," he told reporters.
They also approved the election of 11 directors as the firm restructures, among them two Renault executives as well as Saikawa. Ghosn has denied any wrongdoing and accuses Nissan executives opposed to his plans to further integrate the firm with France's Renault of plotting against him.Saikawa, a one-time Ghosn protege, turned sharply against his former mentor after his arrest, referring to the"dark side" of the tycoon's tenure and accusing him of accruing unchecked power that allowed his alleged wrongdoing to go undetected.
The Ghosn scandal has proved disastrous for Nissan, which in July announced that net profit plunged nearly 95 per cent in the April-June quarter, and confirmed it would cut 12,500 jobs worldwide.
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