Nis­san re­jects Re­nault’s re­quest to send suc­ces­sor

The Myanmar Times - - International Business -

NIS­SAN Mo­tor Co. has re­jected part­ner Re­nault SA’s re­quest to send a suc­ces­sor with equal au­thor­ity to re­place ousted chair­man Car­los Ghosn, sources close to the mat­ter said Tues­day, in a height­en­ing lead­er­ship tus­sle at one of the world’s big­gest au­tomaker groups.

Re­nault, Nis­san’s top share­holder which re­tains Ghosn as CEO and chair­man de­spite his ar­rest last month for al­leged fi­nan­cial mis­con­duct, made the re­quest dur­ing the Ja­panese au­tomaker’s emer­gency board meet­ing on Nov. 22, ac­cord­ing to the sources.

The pro­posal was made to pro­tect its busi­ness in­ter­ests and main­tain its in­flu­ence within Nis­san fol­low­ing Ghosn’s dis­missal, the sources said.

But re­gard­ing the fu­ture re­la­tion­ship with Re­nault, Nis­san CEO Hiroto Saikawa has said he wants to re­view the man­age­ment struc­ture, be­liev­ing that a sit­u­a­tion in which ex­ces­sive power was con­cen­trated in Ghosn had un­der­mined trans­parency and gov­er­nance.

Ghosn, known for sav­ing Nis­san from the brink of bank­ruptcy, was sent to the Ja­panese au­tomaker from Re­nault in 1999 as chief op­er­at­ing of­fi­cer. He be­came Nis­san pres­i­dent in 2000 and served as chief ex­ec­u­tive of­fi­cer from 2001 to 2017.

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