Nissan names head of China business to be new CEO

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Nissan tapped the head of its China business, Makoto Uchida, as its new president and chief executive, replacing Hiroto Saikawa, who resigned after acknowledging receiving dubious income.

Nissan Motor Co. has been reeling in a leadership crisis amid sinking profitability since the arrest last year of former Chairman Carlos Ghosn over financial misconduct allegations.

Toyoda said Uchida was chosen unanimously by the board because of his wide international experience. He is seen as able to lead Nissan's longtime alliance with French automaker Renault. Renault owns 43% of Nissan. The board members pointed out Gupta's Indian nationality added to the international expertise of the leadership. Gupta is a member of the Renault management committee.

Ghosn led Nissan for two decades and made it one of the most successful automakers in the world before his arrest in November 2018.

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