Best News Network

Nissan operations chief Gupta, once seen as CEO candidate, to leave company By Reuters


© Reuters. FILE PHOTO: Nissan Motor COO Ashwani Gupta speaks during a news conference at Nissan Motor headquarters in Yokohama, Japan, December 2, 2019. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) -Nissan Motor’s Chief Operating Officer Ashwani Gupta will leave the Japanese automaker later this month to pursue other opportunities after helping to steer a turnaround plan aimed at streamlining operations, the company said on Friday.

Nissan (OTC:) plans to announce a new executive line-up on June 27, coinciding with his departure, it said in a statement.

The automaker said last month that the former long-time Renault SA (OTC:) executive would step down from the board of directors on June 27 when his term expired, casting doubt on his future as he had been seen as a frontrunner to be the next CEO.

Gupta joined the company’s leadership team in late 2019, when Japan’s No. 3 automaker was looking to put an end to a period of turmoil triggered by the arrest and sacking of long-time leader Carlos Ghosn.

Allies of Gupta pressed the board in 2020 to promote him to the role of co-CEO, hoping he would push forward Nissan’s turnaround and boost its alliance with Renault (EPA:) and Mitsubishi Motors (OTC:), but the promotion did not materialise.

Nissan is working to finalise the terms of a sweeping reset of its decades-old alliance with Renault.

Gupta had clashed with Nissan Chief Executive Makoto Uchida over Uchida’s desire to close the negotiations with Renault quickly, with Gupta urging more caution over terms of the deal, people with knowledge of the talks have told Reuters.

The company on Friday said Gupta had taken key leadership positions and been a “driving force” in various alliance projects over several years resulting in many achievements. It did not further detail the accomplishments.

Gupta joined Renault in India in 2006 and later became vice president in charge of its global commercial vehicle business, a job he held until 2019 when he moved to junior alliance partner Mitsubishi Motors.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.