Nissan appoints Makoto Uchida as new CEO

Japanese automaker Nissan Motor Co. has named its China business chief Makoto Uchida as its new CEO.

Nissan officials said Uchida, senior vice president, was chosen for his varied and cosmopolitan experience.

Uchida replaces Hiroto Saikawa, who resigned last month after acknowledging that he had received questionable rent payments.

Saikawa succeeded former Nissan president Carlos Ghosn. Ghosn is awaiting trial in Japan, accused of falsifying deferred compensation documents and breaching confidence in diverting Nissan money for personal gain. He denies irregularities.

Saikawa had been closely allied with Ghosn, who led Nissan for two decades and made her one of the world's most successful automakers before her November arrest of 2018.

Source: The Associated Press

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