The latest CEO at Nissan, Hiroto Saikawa, is out-of-office permanently as of September 16th after yet another financial scandal rocks the company. Saikawa is the second Nissan CEO to be tainted by financial misconduct allegations.
Allegedly, Saikawa received improper payments with regards to the sale of Nissan stock. The payments were after the date of the sale of the stock was altered and netted Saikawa additional hundreds of thousands of dollars. Saikawa has not yet been charged with a crime. Saikawa originally said he would stay on until a replacement was found, but abruptly changed course and formally resigned today.
The temporary replacement will be Chief Operating Officer Yasuhiro Yamauchi until a permanent replacement has been found. There are currently ten candidates for the positions and Nissan says it is considering outsiders and non-Japanese.