Nissan picks Sakamoto as board candidate after Seki's resignation - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Nissan picks Sakamoto as board candidate after Seki's resignation via SABCNewsOnline

Nissan Executive Vice President Hideyuki Sakamoto poses with the carmaker's logo in the showroom at the carmaker's headquarters in Yokohama, Japan.

Sakamoto, who was named an executive officer in June and has been an executive vice president since 2014, is responsible for manufacturing and supply chain management at Japan’s No. 2 automaker. Nissan will hold an extraordinary shareholder meeting on Feb. 18, where his appointment will be among proposals submitted for approval, it said in a press release.

Seki, Chief Executive Makoto Uchida and Chief Operating Officer Ashwani Gupta officially took over on Dec. 1, but sources say they failed to immediately gel. Renault is due to name a new CEO in the coming weeks as well. Nissan embarked on its wide-ranging restructuring plan in April, attempting to draw a line under the costly expansion pursued by Ghosn. It plans to ax nearly one-tenth of its workforce and cut global vehicle production by 10% through 2023.

 

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