Nissan chief executive Hiroto Saikawa to resign after acknowledging that he had received dubious income.
YOKOHAMA, Japan — Nissan Chief Executive Hiroto Saikawa tendered his resignation Monday after acknowledging that he had received dubious income and vowed to pass the leadership of the Japanese automaker to a new generation.
Calls for Saikawa's resignation, which arose after the arrest last year of his predecessor, Carlos Ghosn, on various financial misconduct allegations, have grown louder after Saikawa acknowledged last week that he had received dubious payments. The automaker's board met to look into the allegations against Saikawa, as well as other issues related to Ghosn's allegations and corporate ethics at the company.Ghosn, who is out on bail and awaiting trial, says he's innocent.
Saikawa did not appear at the news conference initially, but the four board members who led the event said he would later.
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