Nissan CEO Hiroto Saikawa tells some company executives he plans to resign, newspaper reports

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Nissan CEO Hiroto Saikawa tells some company executives he plans to resign, newspaper reports GlobeBusiness

Nissan CEO Hiroto Saikawa leaves a news conference in July where he released the company's first quarter earnings.Nissan Motor Co. Chief Executive Hiroto Saikawa has told some executives he plans to resign, the Nikkei newspaper reported on Sunday, in what would mark the latest upheaval over governance at the troubled Japanese automaker.

Nissan’s board members are scheduled to meet on Monday to discuss the issue. The company, and its relationship with top shareholder Renault SA, has been damaged following Ghosn’s arrest in November and subsequent departure.Citing unnamed sources, the Nikkei said Saikawa’s decision had been prompted by increasing doubts over his ability to steer the automaker to recovery, given the recent plunge in Nissan’s profit and the salary payments.

Names included Jun Seki, who is overseeing the company’s performance recovery, Chief Competitive Officer Yasuhiro Yamauchi, and Makoto Uchida, chairman of Nissan’s management committee in China, one of its largest markets, the person said on condition of anonymity.

 

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