News: Hiroto Saikawa to remain Nissan's President


Hiroto Saikawa to remain Nissan's President

In an upcoming restructuring drive, Nissan Motor Co will keep Hiroto Saikawa on as President and will bring in the Chief Executive of Alliance Partner Renault SA as a board member.
Hiroto Saikawa to remain Nissan's President

There had been widespread speculation about President Hiroto Saikawa's future and the coming make-up of the board after Nissan this week flagged a 28 percent drop in annual profit and slashed its dividend, as the company faces difficulty in turning the page following the exit of former Chairman Carlos Ghosn.

As per a recent report, the appointments are expected to be announced on Friday and presented for approval at a Nissan shareholder meeting in June. But there are a few speculations regarding the appointments. 

Renault Chief Executive Thierry Bollore is due to join the board and the French automaker's chairman, Jean-Dominique Senard, will remain on Nissan's board. Further, the report also suggests that the former chairman of Japan's business lobby, Sadayuki Sakakibara, who had been widely seen as a potential board candidate, will not be appointed. 

While some names are yet to be confirmed, the chances of Saikawa continuing his role as President are strongest. 

Stay tuned for more update on these appointments. 

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Topics: Leadership

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