Nissan CEO Saikawa Says Ready to Resign Once Successor Is Found
- Saikawa has faced pressure since Ghosn’s arrest over his role
- Overpaid compensation issue has fueled discord among top ranks
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Nissan Motor Co. Chief Executive Officer Hiroto Saikawa said he’s ready to take responsibility for scandals involving former Chairman Carlos Ghosn and will exit the company as soon as a successor is found. He won’t, however, accept blame for allegations around excess compensation.
Saikawa has been facing mounting pressure following reports last week that he and other executives were paid more than they were entitled to. It’s the latest blow to the CEO, who has spent the period since Ghosn’s shock arrest last November for financial crimes trying to right the carmaker as it grapples with decade-low profits, job cuts and the destabilization of losing a leader who loomed large over Nissan for two decades.