Nissan’s board sought to remove him quickly after an investigation found he received improper stock-based performance compensation of about $439,000
YOKOHAMA, Japan—Nissan Motor Co. Chief Executive Hiroto Saikawa is resigning, ending a term marked by controversy over the arrest of former Chairman Carlos Ghosn, turmoil with partner Renault SA and a sharp falloff in profits.
Nissan’s board sought to remove Mr. Saikawa quickly after a company investigation found that in 2013, Mr. Saikawa, then an executive vice president, received improper stock-based performance compensation of about $439,000. The company said Mr. Saikawa asked colleagues to explore ways to increase his...
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