Nissan CEO Says Search for His Replacement Should Be Accelerated
- Saikawa takes responsibility for crisis, will accept pay cut
- Ghosn’s successor doesn’t give time frame for stepping aside
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Nissan Motor Co. Chief Executive Officer Hiroto Saikawa said he should be held responsible for the turmoil at the Japanese automaker since Carlos Ghosn’s arrest, and he wanted the company to accelerate the search for his replacement.
Saikawa made his comments after shareholders voted Tuesday to create a new governance structure that includes three board committees: nomination, audit and compensation. Saikawa, whose position was reaffirmed, didn’t give a time frame for being replaced and didn’t name any potential successors.