Nissan CEO reiterates pledge to step down if he fails to deliver recovery

"At the last extraordinary shareholders meeting ... I said that if Nissan's performance does not improve, please fire me," Uchida told shareholders at the company's general meeting

Nissan
Uchida, who took over as head of Nissan in December, was addressing shareholders after the automaker last month reported its first annual loss in 11 years
Reuters Tokyo
1 min read Last Updated : Jun 29 2020 | 11:57 AM IST

Nissan Motor Co Chief Executive Makoto Uchida told shareholders on Monday that he would stick to his promise to step down as leader if he fails to deliver on his turnaround plan for the Japanese automaker.

"At the last extraordinary shareholders meeting ... I said that if Nissan's performance does not improve, please fire me," Uchida told shareholders at the company's general meeting.

"This policy remains unchanged."

Uchida, who took over as head of Nissan in December, was addressing shareholders after the automaker last month reported its first annual loss in 11 years.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :NissanJapan

Next Story