TOKYO/PARIS: The fate of Nissan CEO Hiroto Saikawa was sealed by two external directors who persuaded the board on Monday to oust the company veteran and spare the carmaker more reputational damage after a string of high-profile scandals, two sources said.
Nissan said on Monday that Saikawa will resign on Sept. 16, after he admitted to being improperly overpaid by US$440,000. Saikawa, who had worked for Nissan for 42 years, had long pledged to turn the company around before"passing the baton" to the next generation, a phrase he frequently repeated.In June, Nissan set up a trio of committees to improve its governance. Rogers, a former Fulbright scholar, joined the audit and compensation committees. Ihara was named chair of the compensation committee and sits on the nominations committee.
Renault sources have acknowledged some concern that Saikawa's exit could interrupt talks underway on reforming their strained alliance, prolonging uncertainty over its direction.
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