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Nissan Motor board fires Ghosn as chairman following arrest

Nissan Motor board fires Ghosn as chairman following arrest

1 Oct 09:06 Key points summarised by AI
  • Nissan's board unanimously dismissed Carlos Ghosn as chairman and representative director after his arrest for alleged financial misconduct.
  • An internal investigation, prompted by a whistleblower, uncovered serious improprieties, including under-reporting of income and misuse of company assets.
  • This marks a dramatic downfall for Ghosn, a powerful executive credited with turning around Nissan and Renault, ending his nearly two-decade reign.
  • Another Nissan executive, Greg Kelly, was also arrested on suspicion of collaboration and will be dismissed, while Renault appointed an interim chief despite Ghosn retaining his CEO title there.
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