Nissan names head of China business to be new CEO

October 08, 2019 - 4:50 am

TOKYO (AP) — Japanese automaker Nissan Motor Co. has named the head of its China business, Makoto Uchida, to be its new CEO.

Nissan officials said Uchida, a senior vice president, was chosen for his varied and cosmopolitan experience.

Uchida replaces Hiroto Saikawa, who resigned last month after acknowledging he had received questionable income payments.

Saikawa had succeeded former Nissan Chairman Carlos Ghosn. Ghosn is awaiting trial in Japan on charges of falsifying documents on deferred compensation and of breach of trust in allegedly diverting Nissan money for personal gain. He denies wrongdoing.

Saikawa had been closely allied with Ghosn, who led Nissan for two decades and made it one of the most successful automakers in the world before his arrest in November 2018.