Nissan Decides To Kick Carlos Ghosn Off Its Board Of Directors

Nissan shareholders have voted to remove Carlos Ghosn from the Japanese company’s board, The New York Times reports.

Ghosn was ousted as Nissan chairman in November 2018 when accusations were made that he had been underreporting his executive compensation. The Japanese automaker’s board was unable to remove him as director until a special meeting was held on Monday.

Speaking during the meeting, Nissan chief executive Hiroto Saikawa apologized for the organization’s issues and lay the blame directly at Ghosn.

“I have been asking myself over and over why the organization failed to stop the misconduct. The reasons, I believe, were the concentration of power in the hands of a single individual for a long time. The board and executive committee members are dedicating their efforts towards the present and future of Nissan. I would like to ask for your support,” Saikawa said.

Shareholders voted for new Renault chairman Jean-Dominique Senard to replace Ghosn and serve as the vice chairman on Nissan’s board.

In January, Saikawa announced that he would hand over the reigns in the coming months after he had reformed the governance behind the company. However, he recently had a change of heart and intends on serving as chief executive for at least three more years.

News of Carlos Ghosn being voted off Nisan’s board comes shortly after he was re-arrested late last week by Japanese prosecutors claiming that he used a company subsidiary to enrich himself approximately $5 million. Ghosn has denied all wrongdoing and his wife recently pleaded with the French government to help him.

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  • Socarboy

    I really think the Nissan wants to separate from Renault; getting rid of Ghosn is the 1st step

    • Six_Tymes

      yep, and its Not a smart one. Goshn was the first to raise the bar for QC across the company, and speed up production while keeping QC high. among many other moves. Every executive on the board was afraid of him, because he could do the job of all of them, most others do nothing. I of course could be wrong, but in 10 years from now I predict we’ll see Nissan go down, not out of business, but struggle, as it was close to doing before Goshn. Getting rid of Goshn is one of the dumbest moves I have seen in the auto industry.

      • 350z

        You speak as if you are one of the directors.

  • Mike anonymous

    In January, Saikawa announced that he would hand over the reigns in the coming months after he had reformed the governance behind the company. However, he recently had a change of heart and intends on serving as chief executive for at least three more years.

    I get the feeling something big and hidden is at currently play…

  • Alduin

    This guy ran Nissan into the toilet. They really need some innovation.

    • illogicalPotato

      Nissan ran nissan into the toilet. If anything he kept them afloat.

  • sidewaysspin

    Will Nissan have as much success without him?

  • Jason Clairmonte

    I cant help but agree with @SIX_TYMES:disqus. I think he is the best thing ever to happen to Nissan, Renault or MMC, but I think everyone hated him. And I believe that Nissan has a major issue with the smaller Renault being in the lead on this alliance. This man had vision, for all his shortcomings. Has he done EVs as well as I would have liked? No. But, in all the legacy auto companies, he’s probably done it best, and definitely done it well first. He has that magic ‘je ne sais quoi’ that could deliver the point energy that can make a massive juggernaut pivot and be more effective. Without him, I feel they’re just that much less effective. They’re going to feel this in the long term.

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