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Top Nissan executive Jose Munoz resigns

IANS  |  Tokyo 

A top Motor Co. and ally of has resigned, the company said, in a first shake-up at the Japanese since the arrest of the former

Jose Munoz, who went on leave of absence a week ago, oversaw strategy for Nissan's seven regional and units and had direct oversight of the company's operations, news reported.

His future had been in question following the November 19 arrest of Ghosn in and criticism from current Hiroto Saikawa, who had blamed the company's recent profitability struggles on its US strategy.

Munoz had been considered a potential successor to Saikawa.

Munoz, in a statement posted on and confirmed by his spokesman, said he would continue to assist in its investigation into alleged financial misconduct involving Ghosn and colleague

Ghosn and Kelly have denied any wrongdoing.

"Unfortunately, Nissan is currently involved in matters that have and will continue to divert its focus," Munoz said in the statement.

Nissan's investigation into alleged financial misdeeds by Ghosn expanded since his ouster as at a November 22 board meeting. The team looking into Ghosn's actions grew to include over 100 people around the world, according to Nissan.

Ghosn, who was charged on December 10 with failing to report his compensation accurately in Nissan's financial statements, has remained in a Tokyo jail since his arrest. Prosecutors on Friday hit him with fresh charges of abusing his position at the for personal gain.

Munoz, a native of Spain, joined Nissan in 2004 and was named of Nissan's operations five years later. Taking over as of Nissan's North American operations in 2014, he led the through robust growth and record US sales.

He was appointed to the role of in 2016. Munoz said in his statement he would explore new opportunities and was looking forward to remaining a part of the auto industry.

--IANS

soni/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 12 2019. 16:44 IST
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