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Nissan board member Shiga plans to step down in June

Auto News - Published on Fri, 11 Jan 2019

Image Source: Automotive News Europe
Reuters reported that Nissan board member, Mr Toshiyuki Shiga, is planning to not seek re-election when his term expires in June, in a move that could shake up the automaker's board further after the recent ouster of its Chairman Carlos Ghosn. Mr Shiga's plan to step down comes after Nissan in November fired Ghosn as chairman and Greg Kelly as representative director following their arrest on suspicion of financial misconduct. Both men deny the allegations, but technically still remain board members who can only be removed by shareholders.

Mr Shiga, a career Nissan employee who joined the company in 1976, told TV Tokyo earlier this week that "My current term expires at the end of June. I would like to make elevating Nissan's government my final task, and then it might be time to step back.” He added that "I think it's time to make room for the next generation."

Mr Shiga, 65, has been a member of Nissan's board of directors since 2015 and also served under Ghosn as vice chairman through 2017. He has mainly served in roles related to sales and marketing and corporate planning.

The nine members of Nissan's board serve two-year terms, all of which expire in June.

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Posted By : Joykumar Irom on Fri, 11 Jan 2019
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