Nissan CEO Saikawa Resigns

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Nissan CEO Saikawa Resigns
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Breaking: Nissan Chief Executive Hiroto Saikawa to step down, ending a term marked by controversy over the arrest of former Chairman Carlos Ghosn

YOKOHAMA, Japan—Nissan Motor Co. Chief Executive Hiroto Saikawa will step down effective Sept. 16, the company said Monday, ending a term marked by controversy over the arrest of former Chairman Carlos Ghosn.

Nissan director Yasushi Kimura announced the move after a board meeting. He said Chief Operating Officer Yasuhiro Yamauchi would take over as acting CEO after Mr. Saikawa’s departure. Mr. Kimura said the board hoped to select a permanent successor to Mr. Yamauchi by the end of October.

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