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Nissan CEO Saikawa to quit Sept. 16 in face of overpaid compensation
Original source: 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.
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