Nissan Motor Co. CEO Hiroto Saikawa, whose tenure has been rocked by a scandal leading to the downfall of one of the most charismatic leaders in Japanese business and raising serious questions over the company¡¯s corporate governance, has expressed his intention to step down, the Nikkei business daily reported Sunday night.
After the fall of ex-Nissan chairman Carlos Ghosn, it was revealed that Saikawa and several other Nissan executives had received excess compensation.
Saikawa, 65, has told a few executives at the automobile giant that he is set to depart, according to the newspaper. The company is scheduled to hold a board meeting on Monday during which the issue is likely to be discussed, the report said.
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