Head of Nissan resigned

Head of Nissan resigned

September 16, 2019 0 By autotimesnews

The new head of the concern will be selected in October 2019. Its main tasks will be to equalize the company’s profitability and improve its partnerships with the French Renault

The head of the Japanese concern Nissan Motor Hiroto Saikawa left his post, according to KYODO. Earlier, during an internal investigation, it turned out that a top manager in 2013 appointed himself overpriced premiums in the amount of 47 million yen. In addition, Saikawa and several other senior officials were accused of using the so-called “revaluation of shares” right, receiving additional funds from the overvalued market value of securities as a reward.

Temporarily, 63-year-old Yasuhiro Yamauchi was appointed to the post of Hiroto Saikawa. The new head of the concern will be selected in October 2019. Its main tasks will be to equalize the company’s profitability and improve its partnerships with the French Renault. Not so long ago, Nissan announced plans to reduce 12.5 thousand jobs in the next three years.

This is not the first scandal associated with the leadership of Nissan. Recall that in November 2018, the head of the Renault – Nissan – Mitsubishi alliance, Carlos Ghosn, who was suspected of tax evasion, was arrested. At the beginning of 2019, Ghosn announced that he linked his arrest by the Japanese authorities on charges of tax evasion with the “conspiracy and treason” of top managers of Nissan.

According to Ghosn, Nissan’s top management opposed his initiative to further deepen the merger of the three partner companies. The issue of uniting automakers into one holding company was discussed with Nissan President Hiroto Saikawa, who, in turn, refused to include Osama Masuko, the head of Mitsubishi Motors, in the discussion.