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Nissan top executive Munoz resigns amid broadened Ghosn probe

Auto News - Published on Tue, 15 Jan 2019

Image Source: Arab News
Reuters reported that Nissan top executive Munoz resigns amid broadened Ghosn probe One of Nissan Motor Co's top executives has resigned, further rattling the Japanese automaker's management team as it broadens an investigation into ousted Chairman Carlos Ghosn's alleged financial misconduct. Mr Jose Munoz, widely considered as a close ally to Ghosn and a possible successor to lead the automaking partnership between Nissan and France's Renault SA, had been a "person of interest" in Nissan's widening internal investigation.

The 53-year-old, who was Nissan's chief performance officer and head of its China operations, made the announcement in a LinkedIn post on Friday. In a statement, Nissan said that Munoz had "elected to resign" from the company, effective immediately. It declined to offer details.

He becomes the latest executive casualty since Nissan in November removed Ghosn as chairman and fired representative director Greg Kelly.

The resignation deals another blow to the Japanese automaker which is grappling with the scandal at a time when it is struggling to shore up profitability in the United States and expand aggressively in China.

Reuters had reported earlier on Friday that the Japanese automaker was looking into decisions made in the United States by Munoz who led Nissan's North American operations from 2016 to 2018.

Mr Munoz said in his post that "Unfortunately, Nissan is currently involved in matters that have and will continue to divert its focus. As I have repeatedly and recently made clear to the company, I look forward to continuing to assist Nissan in its investigations."

People with knowledge of the issue have said that Munoz, who had been placed on a leave of absence earlier in the month, had not been co-operating with the internal investigation.

Source :

Posted By : Joykumar Irom on Tue, 15 Jan 2019
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