Nissan’s chief executive Makoto Uchida is stepping down after growing calls for his resignation in the wake of deteriorating financial performance and the collapse of merger talks with rival Honda.
The Japanese carmaker’s chief planning officer Ivan Espinosa will take over as chief executive from the start of April and attempt to revive the business, Nissan said in a statement on Tuesday evening in Tokyo.
Nissan said it needed “a significantly renewed leadership line-up to achieve the company’s short and midterm objectives while positioning it for long-term growth”.
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