Investing
Nissan will not fill COO position left open by Gupta’s departure
© Reuters. FILE PHOTO: COO and Director of Nissan Motor Co. Ashwani Gupta poses for a photo during an interview following the unveiling of a new agreement between Nissan and Renault in London, Britain February 6, 2023. REUTERS/Toby Melville
TOKYO (Reuters) – Nissan (OTC:) Motor Co has decided to not fill in the chief operating officer position vacated by Ashwani Gupta under a new management structure, the Japanese automaker said on Wednesday.
Responsibilities previously carried out by the operations chief will be taken over by other executives, it said.
Hideyuki Sakamoto, executive vice president in charge of manufacturing and supply chain management, will be responsible for purchasing. Chief Financial Officer Stephen Ma will take over operations performance duties.
“In response to the constantly evolving market conditions, we will introduce a flatter and agile leadership structure, which will further empower regional and functional leadership,” Nissan CEO Makoto Uchida said in a statement.
Nissan said earlier this month Gupta would leave the Japanese automaker to pursue other opportunities, following an announcement he would not be reappointed to the board of directors at the end of his term. His last day at Nissan was Tuesday.
Japan’s No.3 automaker is investigating accusations that Uchida carried out surveillance of Gupta, Reuters has reported.
Nissan is in the midst of finalising the terms of a sweeping reset of its decades-old alliance with Renault SA (OTC:).
Gupta had clashed with Uchida over Uchida’s desire to close the negotiations with Renault (EPA:) quickly, with Gupta urging more caution over terms of the deal, people with knowledge of the talks have told Reuters.
Read the full article here
-
Side Hustles6 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing6 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles7 days ago
How to Be Unapologetically You and Why It Matters
-
Side Hustles7 days ago
With AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool
-
Side Hustles6 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing4 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Passive Income7 days ago
How AI-Driven Personalization Is Transforming the Retail Industry
-
Investing6 days ago
BCA says investors should fade the real estate rally By Investing.com