Ghosn's top Nissan ally given 'special tasks'

Business 1/5/2019, 9:33 AM
Ghosn's top Nissan ally given 'special tasks'

Jose Munoz (pictured), once the most prominent contender to become the chief executive, is taking a leave of absence in the interest of Nissan Motor Co. with regard to "recent events." The carmaker failed to provide details about the chief performance officer dropping out of presentations and meetings scheduled for this month at the Consumer Electronics Show in Las Vegas and the North American International Auto Show in Detroit.

The move comes after the sacking of chairman Carlos Ghosn, who was arrested on November 19 for alleged financial misconduct, and leaves analysts thinking whether it is a sign of a more thorough change in the structure and governance in the automotive giant by chief executive Hiroto Saikawa, which he did promise. Ghosn, who is still formally the chair and CEO of Renault SA, is set to appear in court on January 8.

As his close ally, Munoz participated in focusing the strategy on the United States at the expense of Japan, which has reportedly sparked a dispute with Saikawa. The current company head took over from Ghosn in 2017.

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