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Nissan CEO promises to step down if he fails to deliver the plan

Nissan CEO Makoto Uchida

Chief Executive of Nissan Motor Co. Makoto Uchida again repeated to his shareholders on Monday that he would stick to his promise to step down as leader if he fails to deliver on his turnaround plan for the Japanese automaker.

On Feb 18, 2020 Uchida first time said that he would accept being fired if he fails to be Japan second biggest automaker.

Nissan’s shares trading in their lowest level in more than a decade following its latest earnings.

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“At the last extraordinary shareholders meeting … I said that if Nissan’s performance does not improve, please fire me,” Uchida told shareholders at the company’s general meeting.

This policy remains unchanged.”

Makoto Uchida took over the job in December and during his addressed shareholders after the automaker last month reported its first annual loss in 11 years.

Nissan Motor Co. grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn.



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