Japan's Nissan reshuffles management to fix its money-losing business

📆 12/12/2024 02:58 ص
📰 AP

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Embattled Japanese automaker Nissan has tapped Jeremy Papin as its chief operating officer in a major management reshuffle billed as key to a turnaround. The move, announced in the United States Thursday, means Papin, chairman of Nissan’s Americas Management Committee, replaces Stephen Ma, who will oversee Nissan Motor Corp.’s China operations.

TOKYO — Embattled Japanese automaker Nissan has tapped Jeremy Papin, who was overseeing its U.S. operations, as its chief operating officer in a major management reshuffle billed as key to a turnaround.

Chief Executive Makoto Uchida took a 50% pay cut to take responsibility for the results and acknowledged Nissan neededJapanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell As part of the moves, effective Jan. 1, Christian Meunier, the former chief executive of Jeep, returns to Nissan as chairman of the Americas Management Committee.

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