Nissan Motor Co. plans to keep Hiroto Saikawa as its CEO and newly appoint Thierry Bollore, CEO of its alliance partner Renault SA, to its board, pending shareholder approval in June, sources said Thursday.
In a management revamp following the arrest of former Chairman Carlos Ghosn for alleged financial misconduct last November, Nissan plans an 11-member board with six of them outside directors, in line with proposals made in March by its committee set up to enhance corporate governance.
Among the members, Renault, the Japanese automaker's top shareholder, will be represented by Bollore and Chairman Jean-Dominique Senard, who joined Nissan's board in April, the sources said. From Nissan, three officials, including Saikawa and Chief Operating Officer Yasuhiro Yamauchi, will join the board.