Nissan CEO Hiroto Saikawa resigns; new chief to face challenge of reviving profit
Nissan Motor Co. CEO Hiroto Saikawa resigned from his post Monday after admitting to overpayment of remuneration and his successor, to be picked next month, will face immense pressure to revive profitability and repair ties with alliance partner Renault SA. Chief Operating Officer Yasuhiro Yamauchi, ...
How Nissan CEO Hiroto Saikawa went from defiant to fired in 24 hours
Hiroto Saikawa's tone bordered on defiant on Sept. 8 when discussing his future as chief executive officer of Nissan Motor Co. He accepted responsibility for the Carlos Ghosn scandals and said he'd resign after a successor was found, but he wasn't taking the fall ...
With Nissan Motor Co. CEO Hiroto Saikawa stepping down on Monday, the focal point will be on whether the automaker can swiftly escape from confusion over corporate governance under a new top management. Saikawa is slated to resign to take responsibility for revelations that he ...
Nissan ousts CEO Hiroto Saikawa over pay scandal as carmaker's turmoil deepens
Less than a year since the dramatic downfall of Carlos Ghosn, Nissan Motor Co. is losing another leader. Chief Executive Officer Hiroto Saikawa was asked by the board on Monday to step down within seven days. He will be replaced by Chief Operating Officer Yasuhiro ...
Hiroto Saikawa's departure only adds to Nissan's uncertainty
Nissan Motor Co. has announced that CEO Hiroto Saikawa will step down next Monday, which will likely add another layer of dark clouds over the viability of the Yokohama-based automaker already mired in low profits, waning trust in corporate governance and a shaky alliance ...
Nissan concludes internal probe into alleged financial misconduct by former Chairman Carlos Ghosn
Nissan Motor Co.'s internal investigation into former Chairman Carlos Ghosn's alleged financial misconduct has been completed and the results will be reported to its board meeting next week, sources close to the matter said Saturday. Nissan, which will convene the meeting on Monday, will consider ...
Top Nissan investigator into CEO Hiroto Saikawa's excess pay set to quit carmaker
Nissan Motor Co.’s internal investigation into former Chairman Carlos Ghosn’s alleged financial misconduct has been completed and the results will be reported to its board meeting this coming week.
Nissan overpaid Carlos Ghosn whistleblower Hari Nada along with CEO Hiroto Saikawa
Nissan Motor Co. overpaid other executives in addition to its chief executive officer, according to people with knowledge of the matter, among them Senior Vice President Hari Nada, a key figure in the downfall of former Chairman Carlos Ghosn. CEO Hiroto Saikawa told reporters on ...
Nissan CEO Saikawa admits receiving too much pay under executive equity plan
Saikawa said he will return the excess amount to the automaker, while revealing that other executives have also received overpayments.
Lawyer for Carlos Ghosn says Tokyo prosecutor lacks impartiality
The French lawyer of former auto titan Carlos Ghosn, currently under house arrest in Tokyo, has attacked Japanese prosecutors for an alleged lack of impartiality and questioned how his client can receive a fair trial. The former chief of both Renault and Japanese partner Nissan ...
Swiss prosecutors say they have been assisting investigations in Japan into former Nissan Motor Co. Chairman Carlos Ghosn, who has been indicted on charges of financial misconduct and breach of trust. Tokyo prosecutors requested Swiss assistance on Jan. 14, and the request was forwarded to ...
Renault's troubled ties to Nissan are hurting the bottom line
For months, Renault SA's partnership with Nissan Motor Co. has been a strain on management and a public relations nightmare. Now the Japanese carmaker's woes are hitting where it really hurts: the bottom line. The largest French automaker, which owns 43 percent of Nissan, reported ...
