Nissan's new CEO Makoto Uchida doesn't have time to work his way into ...
TOKYO - Nissan’s new CEO Makoto Uchida doesn’t have time to work his way into the job. He is effectively on probation and has a matter of months to show he can revive the ailing automaker, according to three people familiar with the thinking of some on the company’s board.
The pressure intensified on Thursday when Nissan, which has had a year of turmoil since the arrest and sacking of long-time leader Carlos Ghosn, posted its first quarterly net loss in nearly a decade and slashed its annual profit forecast. The company rejected suggestions of Uchida’s uncertain circumstances as having “no factual basis”. “Effectively or otherwise, Uchida is absolutely not on probation,” a Yokohama-based spokesman added. “There does not exist such a concept or system within Nissan to put a CEO on probation. He is CEO.”
When he took the stage at corporate headquarters in Yokohama early that month, Uchida billed himself and his senior leaders - No. 2 Ashwani Gupta and No. 3 Jun Seki - as a tight “one team” that could deliver a bright new dawn for the automaker. One source said the board would not brook internal squabbles or procrastination among Uchida, Gupta and the rest of the executive team: “The biggest problem is nothing getting done, at a time when we need to take decisive actions.”
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