Nissan CEO Saikawa to step down on September 16

Former Nissan CEO Hiroto Saikawa speaks to media before the company's board members meeting in front of his residence in Tokyo, Japan September 9, 2019, in this photo taken by Kyodo. Credit: Kyodo/via REUTERS - Copyright KYODO(Reuters)

By Reuters

Published on 09/09/2019 - 14:34•Updated 25/04/2024 - 22:23

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YOKOHAMA (Reuters) - Nissan Motor Co's <7201.T> embattled chief executive will step down on September 16 and will be temporarily replaced by Chief Operating Officer Yasuhiro Yamauchi, the automaker's board chairman said on Monday.

"Saikawa recently has indicated his inclination to resign, and in line with his desire to pass the baton to a new generation of leaders at Nissan, he will resign on September 16," Chairman Yasushi Kimura told reporters.