Nissan CEO Makoto Uchida to step down on April 1, planning officer Espinosa named successor

Nissan CEO Makoto Uchida will step down on April 1, to be replaced by Ivan Espinosa, the current Chief Planning Officer. This change marks Nissan’s fourth CEO in eight years, following the termination of merger talks with Honda amid accusations of “pride and denial.” The company’s poor financial performance, including a 78% plunge in operating profit and a net loss of 14.1 billion yen, has led to senior management personnel like Asako Hoshino and Hideaki Watanabe also stepping down on April 1.

Full Article