TOKYO :Nissan's Chief Operating Officer Ashwani Gupta will not be reappointed to the board when his term expires next month, the automaker said on Friday, casting doubt on the future of the high-profile executive who had been seen in the running for CEO.Gupta joined Nissan's leadership team in late 2019, when
TOKYO :Nissan's Chief Operating Officer Ashwani Gupta will not be reappointed to the board when his term expires next month, the automaker said on Friday, casting doubt on the future of the high-profile executive who had been seen in the running for CEO.
Gupta joined Nissan's leadership team in late 2019, when Japan's No.3 automaker was looking to put an end to a period of turmoil triggered by the arrest and sacking of long-time leader Carlos Ghosn. Allies of Gupta pressed the board in 2020 to promote him to the role of co-CEO, hoping he would drive the company's turnaround and improve its relationship with long-term alliance partner Renault SA, but the promotion did not materialise.A company spokesperson said it was not immediately clear whether he will be staying on in his role as chief operating officer.
On Thursday, Nissan, forecast a better than expected 38 per cent rise in profit this year on stronger sales. Nissan and Renault agreed in January to remake their two-decade-old alliance, with Renault reducing its stake in Nissan to 15 per cent from about 43 per cent to put them on equal footing.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nissan's high profile Gupta to exit board, company saysTOKYO : Nissan Motor Co Ltd Chief Operating Officer Ashwani Gupta is due to step down from the board of directors effective June 27, 2023, the company said on Friday, due to the expiration of his term. A company spokesperson said it was not immediately clear whether he will be staying on in his role as ci
Read more »
Nissan sees 38% full-year profit rise on stronger sales outlookTOKYO :Japan's Nissan Motor Co on Thursday said it expects operating profit to rise 38 per cent this year on a stronger outlook for sales and production volumes.The Yokohama-based automaker sees operating profit rising to 520 billion yen ($3.85 billion) in the financial year that just started, compared to a 3
Read more »
Nissan expects 38% full-year profit rise on stronger sales outlookTOKYO :Japan's Nissan Motor Co on Thursday said it expects profit to rise 38 per cent this year on a better outlook for sales, a rosier prospect for the automaker after years of setbacks that included a strained alliance with partner Renault SA.The two car companies are now retooling their decades-old automak
Read more »
Climate maths 'doesn't add up' without carbon capture: COP28 chiefABU DHABI: The Emirati oil chief leading this year's UN climate talks said on Wednesday (May 10) the world must get 'serious' about new emission-capturing technology, rather than focussing only on replacing fossil fuels with
Read more »
Ex-Indonesian National Defence Forces commander-in-chief conferred S’pore’s highest military awardThe award was in recognition for his significant contributions in enhancing defence cooperation between the two countries. Read more at straitstimes.com.
Read more »
UN chief condemns civilian deaths in Gaza, urges restraint by allEgypt has begun efforts to mediate an end to the fighting. Read more at straitstimes.com.
Read more »