stockmarket

Nissan says senior executive Schillaci to leave amid reshuffle


© Reuters. Nissan Motor Executive Vice President Daniele Schillaci presents during media preview of the 45th Tokyo Motor Show in Tokyo

TOKYO (Reuters) – Japan’s Nissan Motor Co on Tuesday said the executive responsible for its Nissan, Datsun and Infiniti brands was leaving, as it announced a management reshuffle to strengthen governance following the ouster of former boss Carlos Ghosn.

Nissan said Daniele Schillaci, an executive vice- president who had been responsible for the three brands and for all operations in the Japan, Asia and Oceania regions, had chosen to leave the company to pursue an opportunity closer to his native home in Europe.

Nissan also said it had named executive Yasuhiro Yamauchi as chief operating officer to strengthen daily operations.

It appointed an executive dedicated to performance recovery efforts and added executives overseeing major markets such as Japan, North America and China to the its executive committee.

Such changes, it said, were based on recommendations from an outside governance panel that it received last month. The external committee last month concluded a three-month audit of Nissan’s governance and put blame squarely on what it called Ghosn’s concentration of power.

Ghosn, who has been arrested on charges of financial misconduct, has denied all the allegations against him and said he is the victim of a boardroom coup by those who opposed his drive for a closer alliance with top shareholder Renault SA (PA:).

A representative for Ghosn has previously said the committee’s findings were “part of an unsubstantiated smear campaign against Carlos Ghosn to prevent the integration of the alliance and conceal Nissan’s deteriorating performance”.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.