Hiroto Saikawa to resign as head of Nissan www.upi.com

Nissan chief executive officer Hiroto Saikawa, shown here during a news conference in Japan in March, announced Monday that he is resigning, effective Sept. 16.
Photo by Keizo Mori/UPI | License PhotoSept. 9 (UPI) -- Nissan chief executive Hiroto Saikawa will resign effective Sept. 16, the company said Monday after he had been criticized for receiving inappropriate compensation by changing the terms of his performance bonus.
"Hiroto Saikawa had indicated recently his willingness to resign," a statement from Nissan said.
"Nissan's representative executive officer and (chief operations officer), Yasuhiro Yamauchi, will become acting CEO.
Saikawa was named president and chief executive of Nissan under Ghosn in April 2017 and supported Ghosn's rise before criticizing his former boss after he was arrested.