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November 22, 2018

Nissan Sacks Carlos Ghosn

Nissan’s board of directors has met today and as expected, sacked Carlos Ghosn as their Chairman and Representative Director. Greg Kelly has also been discharged as Representative Director as well.

Moving forward, Nissan says their “long-standing Alliance partnership with Renault remains unchanged.” In addition, they will move to “minimize the potential impact and confusion on the day-to-day cooperation among the Alliance partners.”

Nissan will also study the creation of a special committee to handle governance management and better governance of director compensation. To this end, they have appointed three independent directors: Masakazu Toyoda, Keiko Ihara, and Jean-Baptiste Duzan.

The committee will propose nominations from the board of directors for the position of Chairman of the Board.

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