Nissan Motor Co Chief Executive Hiroto Saikawa admitted to misconduct involving ...
FILE PHOTO: Nissan CEO Hiroto Saikawa attends a news conference to release first quarter earnings at the company headquarters in Yokohama, Japan July 25, 2019. REUTERS/Issei Kato
Saikawa made the comments to reporters on Thursday morning after media reported that an internal company probe had found he had received tens of millions of yen more than he should have through a stock appreciation rights scheme.The company’s investigation came after former Nissan director Greg Kelly went public with the allegations earlier this year. Saikawa is expected to share the results of the probe at a board meeting to be held soon, the Asahi newspaper said.
The admission is set to further erode confidence in Saikawa, already facing widespread accusations he was too close to ousted boss Carlos Ghosn, who, like Kelly, is awaiting trial on charges of financial misconduct. Both men have denied wrongdoing.
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