YOKOHAMA, Japan (Sep. 9, 2019) – Today, the Board of Nissan Motor Co., Ltd. held their regular Board of Directors meeting. Hiroto Saikawa had indicated recently his willingness to resign. After discussion, the Board asked him to resign as representative executive officer and CEO of the company, effective September 16, and he accepted. Effective the same day, Nissan’s representative executive officer and COO, Yasuhiro Yamauchi, will become acting CEO.
Nissan’s Nomination Committee will accelerate its efforts to select a successor for the CEO position, with the goal of concluding the search by the end of October.