Business Today
Loading...
'If Nissan's performance does not improve, fire me,' says CEO Makoto Uchida

"At the last extraordinary shareholders meeting ... I said that if Nissan's performance does not improve, please fire me," Uchida told shareholders at the company's general meeting

'If Nissan's performance does not improve, fire me,' says CEO Makoto Uchida

Nissan Motor Co Chief Executive Makoto Uchida told shareholders on Monday that he would stick to his promise to step down as leader if he fails to deliver on his turnaround plan for the Japanese automaker.

"At the last extraordinary shareholders meeting ... I said that if Nissan's performance does not improve, please fire me," Uchida told shareholders at the company's general meeting.

"This policy remains unchanged."

Uchida, who took over as head of Nissan in December, was addressing shareholders after the automaker last month reported its first annual loss in 11 years.

Also read: SoftBank to repurchase $1.9 billion of domestic corporate bonds

Get latest news & live updates on the go on your phone with our News App. Download The Business Today news app on your device
More from BIZ WRAP