Nissan May Leave Chairman's Post Vacant for Time Being

Economy Society

Tokyo, March 14 (Jiji Press)--Nissan Motor Co. <7201> is considering the possibility of leaving the post of its chairman vacant for the time being, informed sources have said.

The Japanese automaker dismissed Carlos Ghosn as its chairman on Nov. 22, 2018, following his first arrest three days before for alleged financial misconduct, and the post has since been vacant.

Its French alliance partner, Renault SA, was mulling proposing a candidate for the Nissan post, but has dropped the plan in view of the Japanese partner's hope to maintain its management independence.

In consideration of Renault's move, Nissan is studying the idea of leaving the post vacant for now, according to the sources.

Meanwhile, Nissan may choose Sadayuki Sakakibara, former chief of the Japan Business Federation, or Keidanren, as chairman of its board of directors, the sources said. He now serves as co-head of a special panel of experts that is discussing steps to reform Nissan's governance system.

[Copyright The Jiji Press, Ltd.]

Jiji Press