Latest scandal: Saikawa pauses for a moment during a news conference at Nissan’s global headquarters in Yokohama. Saikawa has acknowledged receiving inappropriate payments from the Japanese automaker but has denied he ordered it or knew about it. — AP
TOKYO: Nissan Motor Co chief executive officer Hiroto Saikawa said he won’t resign for being at the centre of turmoil over excess compensation, but is ready to take responsibility for scandals involving former chairman Carlos Ghosn and will exit as soon as a successor is found.
Following reports last week that he and other Nissan executives were paid more than they were entitled to, Saikawa has been facing mounting pressure. It’s the latest blow to the CEO, who has spent the period since Ghosn’s shock arrest last November trying to right the carmaker as it grapples with decade-low profits, job cuts and the destabilisation of losing a leader who loomed large over Nissan for two decades.
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