BUSINESS OF NISSAN

GHOSN’S CLOSE ALLY RESIGNS

ONE OF NISSAN Motor Co’s top executives has resigned, further rattling the Japanese carmaker’s management team as it broadens an investigation into ousted chairperson Carlos Ghosn’s alleged financial misconduct. Jose Munoz, widely considered as a close ally to Ghosn and a possible successor to lead the carmaking partnership between Nissan and France’s Renault, had been a “person of interest” in Nissan’s widening internal investigation. The 53-year-old, who was Nissan’s chief performance officer and head of its China operations, made the announcement in a LinkedIn post on Friday. Nissan said Munoz had “elected to resign” from the company, effective immediately. He becomes the latest executive casualty since Nissan removed Ghosn as chairperson and fired representative director Greg Kelly. The resignation deals another blow to the Japanese carmaker which is grappling with the scandal at a time when it is struggling to shore up profitability in the US and expand in China. | Reuters