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Hiroto Saikawa, chief executive of Nissan Motor Group, who faces rewards beyond what he is entitled to, resigned on Monday.
The resignation comes 10 months after the fall of former executive director Carlos Ghosn and the victory of Saikawa.
Since the end of last week, Saikawa has informed a number of group leaders of his decision. He will officially leave the company on Sept. 16, according to Euronews, citing Japanese media.
A spokesman for Nissan could not confirm the report.
Financial rewards
Saikawa pre-empted and publicly admitted last week that he had benefited in the past from a reward greater than the amounts to which he was entitled, through these incentive measures. He briefly apologized for the "agitation that he caused" and confirmed his intention to return the amounts he had received unfairly.
According to media reports, Saikawa received 47 million yen (about 400,000 euros) in controversial terms in 2013, as part of the same reward system that allows a cash amount equivalent to an increase in the stock's share price. group during a given period.
Saikawa tried to justify receiving this award, accusing the "regime set up in the administration of Ghosn" and benefiting against his will, he said.
Carlos Ghosn, president of Renault and president of Nissan, as well as president of Nissan's Mitsubishi Renault alliance, was arrested last November in Japan and charged with financial matters. He has been released on bail and is currently preparing for a trial that could begin next spring, his lawyers said.
But Greg Kelly, former Ghosn assistant and also accused in Japan, deliberately postponed the implementation of the system of "equity valuation rights" in May 2013, which allowed him to inflate his bonus by 10% when the course Nissan's share price increased.
Saikawa, 65, has been in a difficult situation for months. Nissan's shareholders are demanding his departure because of his close association with Ghosn, who has long enjoyed protection and owes him his appointment as the Group's General Manager in 2017. In June, he promised to prepare from as soon as possible.
Nissan appears to be witnessing the resignation of another official, according to the Bloomberg financial news agency, Christian Murray, in charge of "respect for ethics" and internal investigations for unknown reasons at this time. day.
In response to a question from AFP, Nissan declined to comment.
But Nissan has to deal with other urgent issues.
Its financial results reflect a significant drop in the first quarter of the year and begin a deep restructuring of its industrial tools, including the removal of 12,500 jobs worldwide.
Renault and Nissan are also seeking to strengthen their alliance, upset since the dismissal of Carlos Ghosn, his mayor.
A source close to the case told AFP: "There are hypotheses to work" to develop joint contributions in both groups, but "nothing has yet been activated".
"Priority is given to the industrial sector and the coalition," he said.
Renault, which holds 15% of its capital in the French state, holds 43% of Nissan's share capital, while the Japanese group owns 15% of its French ally.
The reorganization could revive a planned merger between Renault and Fiat Chrysler, which was thwarted in early June because of the reservations expressed by Nissan and the French state, anxious to restore relations with the Japanese.
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