Wednesday , June 23 2021

The board & # 39; Nissan to vote unanimously to eliminate Ghosn as president



The board & # 39; Nissan Motor Co. voted unanimously to eliminate the Chairman Carlos Ghosn on Thursday after the shock arrest of heavy weight industry, which led to a period of & # 39; uncertainty for its alliance & # 39; 19 years with & # 39; Renault.

The Japanese firm said its board also voted to remove a Greg Kelly – such Ghosn was arrested after allegations & # 39; financial misconduct – from his post as representative director.

Shifting, leaving the position vacant chair, came despite Renault urged the board & # 39; Nissan before his meeting to delay the removal of & # 39; Ghosn, sources close to the matter told Reuters.

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The Franco-Japanese alliance, expanded in 2016 to include Mitsubishi Motors of Japan, was deprived of the arrest of Ghosn & # 39; 64 in Japan on Monday.

Ghosn had formed the alliance and was pushing for deeper, potentially including a full merger Renault-Nissan in the French government urged link, despite strong reservations in the Japanese company.

Japanese prosecutors said Ghosn and Kelly continued to underestimate the compensation & # 39; Ghosn f & # 39; Nissan over five years from 2010, said it was about half the 10 billion current yen ($ 88 million).

Shin Kukimoto, deputy public prosecutor at the Office of Public Prosecutors of the & # 39 District, Tokyo, said on Thursday that court approval was received the day before to keep Ghosn for 10 days but could not comment on whether it accepted the allegations.

The executives & # 39; Nissan have five seats on the board & # 39; nine & # 39; members, the Renault lealialisti have two seats and two are held by non-affiliated outside directors, former bureaucrat and driver & # 39; race.

With Ghosn and Kelly are still in & # 39; detention, none of the men could & # 39; vote or defend at the meeting.

Renault agreed not to soar to Ghosn as president and CEO.

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But Mitsubishi Motors is planning to remove from office Ghosn & # 39; & # 39 president in; board meeting next week.

In uncertainty growing about the future of the alliance, the minister of Japan industry and finance minister & # 39; France will meet in & # 39; Paris on Thursday to seek ways to jistabilizzawha.

"For me, the future & # 39; the alliance is the biggest deal", said a senior officer & # 39; Nissan to reporters on Wednesday, when it was asked about the arrest of & # 39; Ghosn. "It is obvious that f & # 39; this age, we do things together. To party is impossible."

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Nissan said on an internal investigation Monday caused by an approach from an informant had revealed that Ghosn was involved in & # 39; bad information including personal use of the money of the company and non & # 39; reporting its earnings for many years.

Ghosn and Kelly did not comment on the accusations and Reuters failed to reach them.

Prosecutors said Ghosn is being held in the center of & # 39; & # 39 detention; Tokyo, which is known for its awteru regime, far from the style of & # 39; & # 39 life; normal luxury, including restrictions on sleep during the day and a requirement to use a mask when meeting & # 39; to & # 39; spread & # 39; disease.

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The house detention "is quite cold in & # 39; this year & # 39; time," the Internet entrepreneur and convicted fraudster Takufumi Horie told his followers on Twitter.

Motonari Otsuru, former public prosecutor who is known to monitor the case against Horie, was employed as an attorney & # 39; Ghosn, NHK reported. The law office & # 39; Otsuru refused to confirm that he represented a to Ghosn and said no one was available to comment.

The Asahi Shimbun said on Thursday, quoting unknown sources, that Ghosn was orders & # 39; Kelly b & # 39; email to make false statements on his remuneration. The prosecutors & # 39; & # 39 x Tokyo, likely caught related emails and use them as evidence, the report said.

Circulation & # 39; day of Japan, Yomiuri, quoted unnamed sources as saying that the internal investigation & # 39; Ghosn Nissan found that from 2002 instructions about $ 100,000 a year paid to elderly mother as remuneration for non-existent advisory role.

The paper said that Nissan found by & # 39; investigation of the mother & # 39; Ghosn was in fact living and manages apartment & # 39; & # 39 in luxury, Rio de Janeiro that the company was bought by a foreign subsidiary, but made no advisory work for the car maker. Nissan shared the information with prosecutors, Yomiuri said.

Shares in & # 39; Nissan closed 0.8 per cent, f & # 39; & # 39 complied with; wider market & # 39 ;, before the board meeting.

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Nissan has a board meeting to remove the Chairman Carlos Ghosn after the arrest & # 39; its leader shock was once revered, and begin what can & # 39; has long & # 39; uncertainty in its alliance & # 39; 19 years with & # 39; Renault. Reuters


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