 "Hiroto Saikawa, who has resigned as CEO of Nissan Motor, speaks during a news conference in Yokohama, on July 25, 2019. (Photo: Akio Kon/Bloomberg)")
Nissan Motor Co CEO Hiroto Saikawa will resign on September 16, the automaker said on Monday, bowing to pressure after he admitted to being improperly overpaid and marking further upheaval at a company battered by scandal and plunging profit.
Saikawa, who admitted to the overpayment last week, will be temporarily replaced by Chief Operating Officer Yasuhiro Yamauchi, Nissan's chairman of the board, Yasushi Kimura, told a news conference.
His resignation marks a dramatic early exit for a man who had been tasked with righting the Japanese automaker following the arrest and ouster of former chairman Carlos Ghosn late last year.
