Nissan CEO tells staff feels ‘dismay’ at Ghosn scandal

Sherman Parsons
November 25, 2018

Nissan chief Hirohito Saikawa spoke of his "resentment and dismay" at revelations of misconduct by former company chief Carlos Ghosn in a letter to company employees.

His ouster is an astonishing turnaround for a titan of the auto sector who revived the Japanese brand and forged an alliance with France's Renault as well as domestic rival Mitsubishi Motors, which sold a combined 10.6 million cars last year-more than any other firm.

The management of the concern Nissan has also announced the creation of a special Commission for selection of candidates for the position of head of the Board of Directors.

It's a similar view held over in Paris, where the Renault board put in place new interim leadership, but nominally kept on Ghosn, saying he should be presumed innocent for now until more details become available.

Exactly how that might occur is unclear, but the idea of an outright merger between Renault and Nissan a deal Ghosn had advocated for over opposition from Saikawa and others is nearly certainly dead.

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He received a visit from Brazilian consul Joao de Mendonca on Thursday who told AFP that Ghosn "sounded very well, in good health". The board won't name any new members to replace Ghosn and Kelly as so-called representative members, according to the people.

But the company accused Ghosn of having under-reported compensation amounts, misrepresented the company's investments and used company assets for personal use. Ghosn and Kelly have not commented on the accusations and Reuters has not been able to reach them.

This was informed in the press service of Nissan.

In a joint statement, Bruno Le Maire and Hiroshige Seko said they both wanted "to maintain this winning cooperation".

"Our group is perfectly organized to ensure the continuity of the company's business", Bollore said.

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