Mr. Ghosn will continue to serve as Chairman of the Board of Directors, and he will seek a renewal of his mandate at the company’s general shareholders meeting in June 2017. A day after it was reported that he received tens of millions of yen too much under a scheme of so-called stock appreciation rights, Saikawa told reporters in…
— Reuters pic. Although Nissan Motor's board did not believe that these actions were illegal, it did consider them serious enough to ask Saikawa on September 9 to step down from his position a week later. At the recommendation of Chairman of the Board and Chief Executive Officer Carlos Ghosn, the Nissan Board of Directors has decided that as of April 1, 2017, Hiroto Saikawa will assume the position of Chief Executive Officer. Hiroto Saikawa, the chief executive of scandal-plagued Nissan, acknowledged receiving inappropriate payments from the Japanese automaker but denied he ordered it or knew about it. Nissan CEO Hiroto Saikawa resigns over pay issue. TOKYO — The Latest on Nissan Motor Co.'s chairman Carlos Ghosn and allegations he underreported income.
This is the second time Saikawa has cut his salary. A day after it was reported that he received tens of millions of yen too much under a scheme of so-called stock appreciation rights, Saikawa … Nissan Motor Co President and CEO Hiroto Saikawa admitted Thursday he was overpaid by an equity-linked remuneration scheme run by the company. Several outlets, including the Jiji press agency, said Hiroto Saikawa admitted the overpayments to reporters this morning. Saikawa's resignation comes shortly after he admitted that his income had been boosted by speculating on the terms of a salary bonus which was subject to the performance of the company's shares. (all times local):10:30 p.m.Nissan Motor Co. CEO Hiroto Saikawa says the arrest of the Japanese automaker's chairman, Carlos Ghosn, shows power was too concentrated in one person.Saikawa apologized profusely for the discovery that Ghosn allegedly engaged in serious financial misconduct.
Saikawa was paid 500 million Yen (RM19.3 million) in the previous fiscal year. Nissan Motor Co. Chief Executive Officer Hiroto Saikawa signed off on Carlos Ghosn’s retirement package, an outside corporate-governance panel said, which could intensify scrutiny of his role in alleged financial improprieties by the former chairman of Nissan and Renault SA. Hiroto Saikawa's reported decision to step down comes days after he admitted receiving overpayments, and is the latest blow to the firm after Ghosn's arrest and ouster. Saikawa`s resignation comes shortly after he admitted that his income had been boosted by speculating on the terms of a salary bonus which was subject to the performance of the company`s shares. Nissan chairman Carlos Ghosn has been arrested in Japan on suspicion of under-reporting his salary, according to Japan ’ s Asahi newspaper. Nissan announced today that it is cutting the compensation for CEO Hiroto Saikawa by 50 percent. Hiroto Saikawa's reported decision to step down comes days after he admitted receiving overpayments, and is the latest blow to the firm after Ghosn's arrest and ouster.
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