Nissan Ousts Ghosn and Kelly; Renault's Senard New Chairman
Tuesday, 9 April 2019 09:51 WIB | GLOBAL |Global

Japanese automaker Nissan has ousted from its board former chairman Carlos Ghosn and another executive, American Greg Kelly, who are facing charges of financial misconduct.

Nissan shareholders approved the measure Monday after a three-hour extraordinary meeting at a Tokyo hotel. Both Ghosn and Kelly have denied the allegations against them.

Ahead of the vote, Chief Executive Hiroto Saikawa and other Nissan Motor Company executives apologized and bowed deeply to shareholders attending the meeting.

Shareholders also approved the appointment of French partner Renault SA's chairman Jean-Dominique Senard to replace Ghosn. Renault owns 43 percent of Nissan.

Ghosn was initially detained in November on suspicion of conspiring to understate his Nissan income by about 50 percent between 2010 and 2015.

Source : VOA

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