Nissan Ceo Step Down

The CEO of crisis-hit Japanese auto giant Nissan plans to resign, local media reported on Monday, days after admitting he received more pay than his entitlement.

Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia.

As of April 1, 2017, Nissan will have a new CEO. Replacing Carlos Ghosn, will be Hiroto Saikawa the current co-CEO of the Nissan Motor Company. Carlos Ghosn will continue to however be on the board of directors of the Nissan Motor Company as well as the head of the Renault Nissan Alliance.

The CEO of crisis-hit Japanese auto giant Nissan plans to resign, local media reported on Monday, days after admitting he received more pay than his entitlement.

Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia.

As of April 1, 2017, Nissan will have a new CEO. Replacing Carlos Ghosn, will be Hiroto Saikawa the current co-CEO of the Nissan Motor Company. Carlos Ghosn will continue to however be on the board of directors of the Nissan Motor Company as well as the head of the Renault Nissan Alliance.