Carlos Ghosn's era is over, Nissan board removes him as chairman

Without Ghosn at the head of Nissan's board, a merger looks very unlikely

Nissan Motor Co.’s board  Carlos Ghosn as chairman, the NHK reported, as the directors moved to contain the damage from the iconic executive’s shock arrest.

The national broadcaster didn’t provide further details. A Nissan spokesman declined to comment. The board was meeting Thursday to vote on Ghosn’s removal. Ghosn, who has been detained by Japanese authorities since Monday, will officially remain a director, since a shareholder vote is needed to remove him from the board completely.

“It’s a coup,” said Tatsuo Yoshida, an analyst at Sawakami Asset Management, who used to work at Nissan. “Ghosn’s era is over.”

The removal