Nissan Defers Selection of Chairman to Succeed Disgraced Ghosn

Economy Society

Yokohama, Dec. 17 (Jiji Press)--Nissan Motor Co. <7201> deferred the selection of its new chairman to succeed disgraced former leader, Carlos Ghosn, at its board meeting on Monday, as talks with its French alliance partner Renault SA are in a stalemate.

The major Japanese automaker is now set to take time on the matter. "We confirmed our plan to continue discussions" on the selection of the new chairman, Nissan President Hiroto Saikawa told a press conference at the firm's headquarters in Yokohama, south of Tokyo, after the board meeting.

At the meeting, Nissan decided to set up a special committee comprising outside experts and others to review its corporate governance system, as power had been concentrated on Ghosn.

"It would be desirable to make a decision (on the new chairman) based on advice from the special committee," Saikawa said. He added that the company asked the committee to draw up its proposal at the end of March next year.

"We, of course, need to think about whether it's appropriate for our chief executive officer to double as chairman," Saikawa said, expressing a cautious stance on him becoming new chairman. He concurrently serves as Nissan CEO.

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