UPDATE 1-Nissan names new finance chief, some managers to leave in latest shake-up
- Country:
- Japan
Nissan Motor Co on Friday appointed American Stephen Ma as its next chief financial officer and said Hitoshi Kawaguchi and other veteran executives were stepping down, a shake-up that one source said marked a "generational change" at the automaker.
The announcement comes just weeks after the Japanese company named the head of its China business, Makoto Uchida, as its next chief executive. Following the dramatic ouster of former Chairman Carlos Ghosn almost exactly a year ago, Nissan has been battered by scandals, plunging profits, and tensions with top shareholder Renault SA.
The company said Ma, its global controller who is turning 49 this month, would become its next chief financial officer, making him one of the highest-ranking non-Japanese at the company. He will replace Hiroshi Karube, whose departure was also announced.
"We are trying to achieve a generational change in Nissan management," said a source at the company, who spoke on condition of anonymity. The departure of Kawaguchi, which was earlier reported by Reuters, is also significant. The executive, who had been in charge of external affairs, had been seen as backing acting chief executive Yasuhiro Yamauchi for the top job that later went to Uchida, Reuters has reported.
Also Read: E-trio becomes India's first company to have EV retrofitting certifications for sedans and LCVs
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Japanese Prime Minister Fumio Kishida to speak to Congress as doubts linger over American global leadership
EXPLAINER-Why is the Japanese yen so weak?
Biden will meet with Philippine and Japanese leaders as worry grows over China's Indo-Pacific action
On eve of Japanese prime minister's visit to North Carolina, Fujifilm announces more jobs there
Japanese interpreter charged with stealing $16 million from MLB star Shohei Ohtani