Nissan fires Ghosn as chairman

Nov 23, 2018 | News On Japan

Nov 23, 2018 (NHK) - Nissan Motor's board of directors has voted unanimously to oust Carlos Ghosn as chairman. The executive was arrested earlier this week on suspicion of underreporting his income by tens of millions of dollars on corporate financial statements.

Board members made the decision during a meeting at Nissan's headquarters near Tokyo. Sources say 7 directors were present, including 2 from Nissan's alliance partner, Renault.

The 2 voted to dismiss Ghosn even though Renault's board in France has decided to keep him as its chairman.

Nissan's board has formed a committee to come up with nominees for a new chairperson. It's also looking at getting independent advice about its management and compensation structures.

Ghosn's close aide Greg Kelly also lost his position as representative director. He was arrested together with his boss.

Prosecutors suspect the men conspired to report only about half of the 90 million dollars Ghosn earned over a 5-year period.

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