Nissan CEO Saikawa resigns

Nissan Motor CEO Hiroto Saikawa has resigned his position. His resignment after an internal investigation that revealed falsified documents that boosted his compensation in 2013.
Arjun Manjunadha

Updated: Sep 10,2019 03:45:43 pm

Nissan CEO Saikawa resigns

10 September 2019 Current Affairs:Nissan Motor CEO Hiroto Saikawa has resigned his position. His resignation after an internal investigation that revealed falsified documents that boosted his compensation in 2013. The change increased his compensation by about 96.5 million yen (roughly $900,000 at that time), based on current foreign exchange rates.
Saikawa was appointed as CEO of Nissan after a 40-year career in April 2017. Previously he served as co-CEO with Ghosn from November 2016.
He will be temporarily replaced by chief operating officer (COO) Yasuhiro Yamauchi. A new candidate will be announced by the company in the month of October. The company has formed a committee in June to select the CEO of the company. The committee made up of six company outsiders has now shortlisted 10 possible candidates for the post.
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