FOCUS: Bumpy Road ahead for New Nissan Management Team

Economy

Yokohama, Dec. 3 (Jiji Press)--Nissan Motor Co.'s <7201> new management team, led by President and Chief Executive Officer Makoto Uchida, faces a tough road ahead as the major Japanese automaker struggles to break from the past and improve its business in an industry undergoing rapid changes.

Nissan has shifted to a collective-style leadership by Uchida, Chief Operating Officer Ashwani Gupta and Vice COO Jun Seki, in a breakaway from the leadership of former Chairman Carlos Ghosn, who has been charged with financial misconduct in Japan. Uchida, Gupta and Seki assumed their posts on Sunday.

The new management team plans to shift from Ghosn's expansion strategy and turn the company's business around. But it remains uncertain whether the reconstruction efforts will bear fruit amid a rapidly changing environment surrounding the automobile industry.

"Working as 'one team,' we will engage in business management that is highly transparent to our employees," Uchida said at a press conference at Nissan's headquarters in Yokohama, south of Tokyo, on Monday, citing the popular slogan for Japan's rugby national team, which has made the Rugby World Cup top eight for the first time. "One Team" was chosen as this year's top buzzword in Japan on Monday.

Uchida expressed his eagerness to change Nissan's corporate culture marked by excessive concentration of power into Ghosn that continued for many years.

[Copyright The Jiji Press, Ltd.]

Jiji Press