Nissan Motor Co's nominating committee will discuss potential succ...
) nominating committee will discuss potential successors for Chief Executive Hiroto Saikawa at a meeting on Monday, after he privately signaled his readiness to resign, a source with knowledge of the matter said.
It was swept up again in crisis when Saikawa last week admitted to being improperly overpaid and in violation of internal procedures. That admission followed an internal investigation. The chief executive earlier told reporters that he wanted to “pass the baton” to the next generation as soon as possible, the Nikkei newspaper reported.Pressure has mounted on Saikawa given the company’s poor performance and strained ties with Renault. Profit has tumbled to an 11-year low and prompted hefty job cuts.
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