Nissan CEO Saikawa will step down this month

Nisan CEO Saikawa web.jpg — Saikawa has come under increasing pressure to step down amid allegations he exercised a stock-linked compensation scheme to boost his payout by nearly half-a-million dollars.

September 09, 2019 12:46 PM

YOKOHAMA, Japan -- Nissan’s chairman said embattled CEO Hiroto Saikawa, engulfed in fresh misconduct allegations, will step down this month and that the company's chief operating officer, Yasuhiro Yamauchi, will serve as acting CEO while the company seeks a full-time boss.

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