Nissan says Hiroto Saikawa retained as CEO, backing the protege of former boss Carlos Ghosn even as top shareholder Renault pushes for a change
TOKYO - Nissan Motor Co said on Friday that Hiroto Saikawa would stay on as chief executive, backing the protege of former boss Carlos Ghosn even as top shareholder Renault pushed for a change in the Japanese automaker’s leadership.
Saikawa’s re-appointment is likely to be seen as a rebuff to Renault, which has been pushing for leadership change at Nissan as a prelude to merger talks, sources at both companies have told Reuters. Saikawa - who has long opposed full integration - is seen as an obstacle to a tie-up, several people have told Reuters.
Analysts estimate that Nissan’s planned 30% dividend cut this year will wipe around 130 million euros off Renault’s earnings. Nissan will also increase the number of board seats to 11 from eight, it said, seven of which will be outside directors.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Nissan's Saikawa to stay on as president, Renault chief to join board: sourcesJapan's Nissan Motor Co will keep Hiroto Saikawa on as president and will b...
Baca lebih lajut »
Nissan chief makes useful scapegoat for everyoneHiroto Saikawa may stay longer than expected at the $30 bln Japanese carmaker. Nissan is in shambles, but there's a case for letting him clean up the worst of it, then hiring a more charismatic successor. If he makes things worse, Renault has a stronger argument for merging.
Baca lebih lajut »
Breakingviews TV: Target NissanThe Japanese automaker has resisted merger proposals from France’s Renault since former Chairman Carlos Ghosn’s arrest. But the company’s weak profitability would benefit from greater integration, which could make it a juicy target for activists,...
Baca lebih lajut »
Nissan could easily tempt a bold activistThe $31 bln carmaker is resisting deal talks with Renault. An arm’s-length arrangement favoured by boss Hiroto Saikawa will only weigh on Nissan’s value. Pushy investors have been chipping away at corporate Japan. One able to handle the politics could help make the case for M&A.
Baca lebih lajut »
A Majority of Nissan’s New Board Will Be Independent DirectorsNissan Motor said it would nominate an 11-member board with seven independent directors, seeking to add outside oversight after governance problems that the company blamed on former Chairman Carlos Ghosn.
Baca lebih lajut »
On the radar: Nissan stays cool on lidar tech, siding with TeslaNissan Motor Co Ltd said on Thursday it would, for now, stick to self-driving te...
Baca lebih lajut »
Nissan flags weakest profit in 11 years as Ghosn woes weighNissan Motor Co forecast a 28% drop in its annual operating profit, setting it u...
Baca lebih lajut »
Nissan set for weakest profit in 11 years as Ghosn woes, bleak sales weighNissan Motor Co forecast a 28% plunge in its annual operating profit, putting it...
Baca lebih lajut »
Nissan tough-guy defence looks shakyThe Japanese car giant resisting a merger with Renault said operating profit fell 44% this year, and predicted more pain ahead. CEO Hiroto Saikawa says this is
Baca lebih lajut »
Nissan faces long, rocky road to cut U.S. discounts, rental salesNissan Motor Co Ltd said on Tuesday it had hit 'rock bottom' with a 45...
Baca lebih lajut »