Nissan Has New President & CEO

Nissan logo

CBJ — Nissan has named Makoto Uchida as its new president and CEO, replacing Hiroto Saikawa, who resigned amidst embarrassing acknowledgement that he may have received more compensation than had been disclosed.

Uchida had been the head of the automaker’s Chinese operations.

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

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, which owns 43% of Nissan.

Meanwhile, Ghosn is awaiting trial in Japan on charges of falsifying documents on deferred compensation and of breach of trust in allegedly diverting Nissan money for personal gain. He denies wrongdoing. None of the allegations have been proven in court. The trial is expected to begin early next year.

@CanBizJournal

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