Nissan top executive Seki to resign in blow to turnaround plan

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Nissan top executive Seki to resign in blow to turnaround plan
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The executive tasked with leading a recovery at Nissan Motor Co Ltd sai...

) said he had decided to resign just weeks into his new job, a move that could disrupt the automaker’s push to turn the corner on scandal and slumping sales.

He will likely depart in January after three decades at Nissan, including a stint heading its China business. That plan, which began in April, is now on track to generate a cumulative few hundred billion yen in cost cuts and operational efficiency gains by the year to March 2022, according to two Nissan sources who spoke on condition of anonymity. One hundred billion yen is roughly equal to $915 million.

One of the sources said Seki was contacted by a headhunter about a job at Nidec in April, after he returned from a year working in Paris.

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