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The CEO of Nissan resigned this Monday, according to a statement from the Japanese car manufacturer. Hiroto Saikawa acknowledged last week that he received more money from the company than his fair share, according to Bloomberg . Saikawa was chosen by former CEO Carlos Ghosn to succeed him. Ghosn is charged with financial misconduct in Tokyo. The combative CEO of Nissan Hiroto Saikawa resigned this Monday, according to the company, after it was revealed that he received more remuneration than he was entitled to. His departure, effective Sept.
16, comes after months of turmoil at the Japanese automaker following the arrest of his predecessor, Carlos Ghosn, last year, who tapped Saikawa to replace him, according to Bloomberg News . "Nissan's Nominating Committee will accelerate Middle East Phone Number List its efforts to select a successor for the CEO position, with the goal of concluding the search by the end of October," the company said in a press release . The company's chief operating officer (COO), Yasuhiro Yamauchi, will be the interim CEO.

These are the 8 best midsize SUVs you can buy right now Nissan is also being investigated as part of the drama that has existed since November, when Ghosn was arrested on charges of financial irregularities . At the time, Ghosn also served as CEO of Renault and oversaw an alliance between the two companies and Mitsubishi. In the following months, Nissan has announced that it will cut 9% of its workforce amid falling profits. The Japanese automaker's operating profit fell to $15 million in the second quarter of 2019. Read more: How to know where you have parked your car with the Google Maps trick Nissan shares rose 2% early on Monday following the announcement of Saikawa's imminent departure.
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