Nissan fails to agree Ghosn replacement as tensions with Renault grow

Published on: 

The board of automaker Nissan failed on Monday to agree a replacement for former chairman Carlos Ghosn after his arrest for financial misconduct, as tensions grow in the firm’s alliance with Renault.

The Japanese company removed Ghosn from his post last month after he was detained on allegations of under-reporting his salary.

But it failed Monday to name a replacement, with CEO Hiroto Saikawa saying a committee advising the board on the decision needed more time.

“It was decided that the committee wishes to continue discussions, we accepted that,” he told a press conference after the board met in Yokohama.

Media reports ahead of the meeting suggested the board was unlikely to reach a decision soon, in part because of open discord with French automaker Renault.

Daily Pioneer
dailypioneer.com