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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Nissan CEO Hiroto Saikawa resigns after confirming that he has been paid: reports

Nissan CEO Hiroto Saikawa resigns after confirming that he has been paid: reports



Hiroto Saikawa is suspected of improperly adding $ 440,000 to his compensation by changing the terms of the bonus on Monday, days after admitting that

reports said it was not immediately clear when Hiroto Saikawa would step down as the company struggles with the consequences of the arrest of its former chief, Carlos Gosn, on financial misconduct charges.

Nissan stated that there was no immediate comment on reports that first appeared overnight in Nikkei's daily business.

Nikkei stated that Saikawa had told several Nissan executives of his intention, but that no date had been set for his resignation nor for the receiver.

The reported decision comes days after Saikawa admits that the Nissan probe reveals that he has received more than he is entitled to under a scheme whereby directors can receive a bonus if

Saikawa is suspected of wrongly added 47 million yen ($ 440,000) to his compensation, changing the terms of the bonus, according to reports.

Nissan has not confirmed the details of the payments, but Saikawa apologized last week, denying any wrongdoing.

"I left the question to someone else, so I thought it was resolved appropriately," he told reporters.

Nissan is scheduled to hold a board meeting later Monday, which is expected to share details of the investigation that revealed the overpayments.

The carmaker is currently undergoing a major overhaul designed to tighten control after the Gosn scandal.

In June, Nissan shareholders voted in favor of various measures, including the creation of three new oversight committees responsible for the appointment of senior officials, remuneration issues and audits.

They also approved the election of 1

1 directors as a company restructuring, including two Renault executives and Saikawa.

The reforms are intended to put Nissan on a more stable footing following the arrest of Ghosn, who was released from his leadership roles in a Japanese company and others.

He is awaiting trial on charges of millions of dollars in wages and the use of corporate funds for personal expenses.

Goshn denied any wrongdoing and blamed Nissan executives, contrary to his plans for further integration. the company with the French Renault for plotting against it.

(Except for the title, this story was not edited by NDTV staff and was published by a syndicated broadcast.)

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