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  HOME | Business & Economy (Click here for more)

Nissan Motor Names New Board of Directors Candidate

TOKYO – Japan’s Nissan Motor on Friday named Hideyuki Sakamoto as its board of directors candidate to replace deputy chief operating officer and executive officer Jun Seki, who recently stepped down from the post.

In a statement released on Friday, Nissan Motor said that Sakamoto’s selection, which was reported at an extraordinary meeting of Nissan’s board of directors will now be, “listed in a convocation letter for the company’s extraordinary meeting of shareholders to be held on February 18, 2020.”

The statement further added that Sakamoto, executive officer and executive vice president has, “considerable experience and expertise in the company’s technology and manufacturing fields. The committee recognizes Sakamoto as fully qualified to be a Nissan director.

The inclusion of Sakamoto on the board “will be a driving force for the new era of Nissan and provide further solidification to the new management team.”

Nissan’s new CEO Makoto Uchida said: “Nissan has been on a steady path to regain trust, restore the company’s performance and work on its business transformation, and is already seeing progress. Under the new top management, Nissan will continue to focus on these key areas, which remain our highest priority.”

Uchida further said that the tasks for the company were set and the new plans and projects will continue under his leadership.

Nissan announced Jun Seki’s departure on Wednesday in a statement in which it did not specify the exact date on which he will leave his position or the reasons for his departure.

“Jun Seki, currently executive officer and vice COO, has informed Nissan Motor Co., Ltd. of his decision to step down from his position and leave Nissan, and the company has accepted his notification,” Nissan had said in a statement.

Seki assumed the position of deputy CEO on 1 December, the third most senior post within the new Nissan leadership and responsible for carrying out the restructuring process of the company based in Yokohama, southern Tokyo.

The Japanese media said that Seki’s departure could be due to differences with Uchida, over how to manage Renault, the largest shareholder of Nissan and that had pushed for a merger.

The company has restructured since the dismissal of the former head of the Japanese car manufacturer and the Nissan-Renault-Mitsubishi alliance, Carlos Ghosn, due to alleged false accounting and remuneration irregularities.

 

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