Plus   Neg

Nissan Appoints Stephen Ma As CFO

Nissan Motor Co. said that it appointed its new chief financial officer, and some executives were stepping down, as part of a management shake-up ahead of the arrival of a new chief executive.

Stephen Ma, corporate controller and former chief financial officer of Nissan's China joint venture, will take over as chief financial officer from Hiroshi Karube. The new Chief Executive Officer Makoto Uchida will formally take over from December 1.

On September 9, Nissan announced the resignation of Hiroto Saikawa as CEO following the findings of internal investigation related to the misconduct by former chairman Carlos Ghosn.

Nissan said today that Yasuhiro Yamauchi will resign from his role as representative executive officer, acting president,CEO and COO. He will remain a director of the company.

Nissan notedthat Executive Officer and EVP Hitoshi Kawaguchi will leave the company. Executive Officer and CPLO Philippe Klein will leave the company.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. (AAPL) Wednesday reported a first-quarter profit that trumped Wall Street estimates, as the iPhone maker reported its "highest quarterly revenue ever" driven by strong demand for its iPhone 11 and 11 Pro models during the holiday season. The tech giant also issued a strong revenue outlook... New York Attorney General Letitia James has fled a lawsuit against Vyera Pharmaceuticals and two of its former CEOs, including imprisoned 'Pharma Bro' Martin Shkreli, for illegally monopolizing a life-saving drug Daraprim. The lawsuit seeks a lifetime ban on Shkreli and his business partner Kevin Mulleady working in the pharmaceutical industry. Graco Inc. (GGG) shares were climbing more than 7 percent in morning trade. Monday after market close, the company had reported a surge in the fourth-quarter earnings to $84.8 million from $73.7 million in the prior year. Earnings per share surpassed analysts' estimates. Sales were up 1 percent to $412.3...
Follow RTT