Nissan top executive Seki to resign in blow to turnaround plan GlobeBusiness
This translation has been automatically generated and has not been verified for accuracy.The executive tasked with leading a recovery at Nissan Motor Co Ltd said he had decided to resign just weeks into his new job, a move that could disrupt the automaker’s push to turn the corner on scandal and slumping sales.
“It’s not about money. In fact, I will take a financial hit since Nissan pays us well,” Seki said. He declined to elaborate further.Seeking to roll back some of the costly expansion under ousted chairman Carlos Ghosn, Nissan has embarked on wide-ranging turnaround plan. He and Uchida, most recently the head of the China business, had been seen as top contenders for the CEO job. Reuters reported in September that Uchida was seen as more favoured by Renault.Before being named vice-COO, Seki was a senior vice-president charged with leading the turnaround.
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