Best News Network

Nissan will not fill COO position left open by Gupta’s departure By Reuters


© Reuters. FILE PHOTO: COO and Director of Nissan Motor Co. Ashwani Gupta poses for a photo during an interview following the unveiling of a new agreement between Nissan and Renault in London, Britain February 6, 2023. REUTERS/Toby Melville

TOKYO (Reuters) – Nissan (OTC:) Motor Co has decided to not fill in the chief operating officer position vacated by Ashwani Gupta under a new management structure, the Japanese automaker said on Wednesday.

Responsibilities previously carried out by the operations chief will be taken over by other executives, it said.

Hideyuki Sakamoto, executive vice president in charge of manufacturing and supply chain management, will be responsible for purchasing. Chief Financial Officer Stephen Ma will take over operations performance duties.

“In response to the constantly evolving market conditions, we will introduce a flatter and agile leadership structure, which will further empower regional and functional leadership,” Nissan CEO Makoto Uchida said in a statement.

Nissan said earlier this month Gupta would leave the Japanese automaker to pursue other opportunities, following an announcement he would not be reappointed to the board of directors at the end of his term. His last day at Nissan was Tuesday.

Japan’s No.3 automaker is investigating accusations that Uchida carried out surveillance of Gupta, Reuters has reported.

Nissan is in the midst of finalising the terms of a sweeping reset of its decades-old alliance with Renault SA (OTC:).

Gupta had clashed with Uchida over Uchida’s desire to close the negotiations with Renault (EPA:) quickly, with Gupta urging more caution over terms of the deal, people with knowledge of the talks have told Reuters.

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.