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Tags: AS | Japan | Nissan

Nissan Shareholders Meet to Decide Ousting of Ex-chair Ghosn

Sunday, 07 April 2019 10:38 PM

TOKYO (AP) — Nissan Chief Executive Hiroto Saikawa has apologized to shareholders for the unfolding scandal at the Japanese automaker and asked for their approval to oust from the board former Chairman Carlos Ghosn, who has been arrested on financial misconduct charges.

Saikawa and other Nissan Motor Co. executives bowed deeply at a Tokyo hotel Monday, where the extraordinary shareholders' meeting was being held.

Shareholders are also voting to approve the appointment of Renault Chairman Jean-Dominique Senard in Ghosn's place.

French alliance partner Renault SA owns 43 percent of Nissan.

Also on the ballot agenda is the removal of Greg Kelly, a board member who is charged with collaborating with Ghosn in the alleged misconduct.

Ghosn is being held at the Tokyo Detention Center.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Nissan Chief Executive Hiroto Saikawa has apologized to shareholders for the unfolding scandal at the Japanese automaker and asked for their approval to oust from the board former Chairman Carlos Ghosn, who has been arrested on financial misconduct charges.Saikawa and other...
AS,Japan,Nissan
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2019-38-07
Sunday, 07 April 2019 10:38 PM
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