Login

Nissan Picks Sakamoto As Board Candidate After Seki's Sudden Resignation

Hideyuki Sakamoto currently holds the position of the Executive Vice President at Nissan
Calendar-icon

By car&bike Team

clock-icon

1 mins read

Calendar-icon

Published on December 27, 2019

Follow us on

google-news-icon
Story

Highlights

    Nissan Motor Co chose executive vice president Hideyuki Sakamoto as a candidate for the board of directors, the company said on Friday, following the surprise resignation of vice-chief operating officer Jun Seki earlier this week. 

    Sakamoto, who was named an executive officer in June and has been an executive vice president since 2014, is responsible for manufacturing and supply chain management at Japan's No. 2 automaker. Nissan will hold an extraordinary shareholder meeting on Feb. 18, where his appointment will be among proposals submitted for approval, it said in a press release.

    Nissan needs stability as it braces for its worst annual profit in 11 years amid slumping sales in the United States and China, its biggest markets. The company is also working to repair ties with top shareholder and alliance partner Renault SA, which deteriorated following the ouster of joint chairman Carlos Ghosn a year ago.

    The abrupt resignation of Seki, part of Nissan's newly appointed three-person leadership team and the executive charged with leading the recovery plan, sent the carmaker's shares to an eight-year low on Wednesday.

    Calendar-icon

    Last Updated on December 27, 2019


    Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

    Related Articles

    Latest News

    Popular Nissan Models