Top Nissan exec Jun Seki announces exit abruptly, to join EV maker Nidec

The company's shares fell 3.1% to 633 yen, the lowest since 2011, as of the close Wednesday in Tokyo.

Nissan Motor’s third-highest-ranked executive is planning to leave the company to join a leading electric-motor company, an abrupt move that deals yet another blow to the scandal-plagued Japanese carmaker. The shares fell to their lowest in 8 years.
 
Jun Seki, the vice chief operating officer in charge of Nissan’s performance recovery, plans to join Japanese manufacturer Nidec Corp. as president and COO. The 58-year-old, who confirmed the move to Bloomberg News, was among the contenders to be Nissan’s chief executive officer in October, but missed out to Makoto Uchida, most recently the company’s China chief. Seki only took up