Nissan CEO Saikawa Resigns - USA DAILY NEWS

Nissan CEO Saikawa Resigns

news image

YOKOHAMA, Japan—Nissan Motor Co. Chief Executive Hiroto Saikawa is resigning, ending a term marked by controversy over the arrest of former Chairman Carlos Ghosn, turmoil with partner Renault SA and a sharp falloff in profits.

Nissan’s board moved to remove Mr. Saikawa quickly after a company investigation found that in 2013, Mr. Saikawa, then an executive vice president, received improper stock-based performance compensation of about $439,000. The company said Mr. Saikawa asked colleagues to explore ways to increase his compensation,…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *