Nissan CEO Saikawa to quit Sept. 16 in face of overpaid compensation english.kyodonews.net

The new CEO will face daunting challenges including rebuilding governance shaken by the arrest of Ghosn over alleged financial misconduct and restoring earnings after falling to a record low on faltering U.S sales.
"My resignation is a little earlier than I thought, but I made the decision following discussions by the board," Saikawa said at a press conference at Nissan's headquarters in Yokohama.
"Mr. Saikawa should resign to take responsibility for the issue," a Nissan executive said.
Kelly "falsified" documents so Saikawa could be paid more than he was entitled by extending the term of the stock performance-based bonus.
Related coverage:Nissan concludes internal probe on ex-boss Carlos GhosnNissan CEO Saikawa admits to being paid too much by equity scheme