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Hiroto Saikawa Latest News

Nissan Motor Co CEO Hiroto Saikawa will resign on Sept. 16, the automaker said on Monday, bowing to pressure after he admitted to being improperly overpaid and marking further upheaval at a company battered by scandal and plunging profit. Saikawa, who admitted to the overpayment last week, will be temporarily replaced by Chief Operating Officer Yasuhiro Yamauchi, with a permanent replacement expected by the end of October, the Japanese company said.

Nissan Chief Executive Saikawa Bows To Pressure, To Quit As CEO On September 16

Nissan Motor Co's nominating committee will discuss potential successors for Chief Executive Hiroto Saikawa at a meeting on Monday, after he privately signaled his readiness to resign, a source with knowledge of the matter said. The resignation of Saikawa, a protege of former chairman Carlos Ghosn, would mark the latest upheaval over governance at the troubled Japanese automaker. The company has struggled to right itself following Ghosn's dramatic arrest and subsequent ouster last year. It was swept up again in crisis when Saikawa last week admitted to being improperly overpaid and in violation of internal procedures. That admission followed an internal investigation.

Nissan To Discuss Saikawa Successors At Meeting On Monday

Nissan Motor Co is not considering asking embattled Chief Executive Hiroto Saikawa to resign now, two people with knowledge of the matter told Reuters on Friday, a day after he admitted to being overpaid in violation of internal procedures.

Nissan Not Considering Asking CEO Saikawa To Resign At The Moment

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