Nissan get new chair following Carlos Ghosn ouster

Japanese automaker company Nissan shareholders on Monday
appointed Jean-Dominique Senard as the new chair following the sacking of
Carlos Ghosn.

Ghosn ouster comes following shareholders disappointment in
him after he was charged with financial misconduct.

According to AP news, more than 4,000 shareholders, who
gathered at a meeting in Tokyo, approved the ouster of Ghosn.

Nissan’s top Chief Executive Hiroto Saikawa and other Nissan
Motor Co. executive apologized to its shareholders for the scandal, asking them
to approve Ghosn’s dismissal.

The newly appointed chair is the chairperson of French
alliance partner Renault SA’s.

Renault owns 43 percent of Nissan shares.

Senard thanked the shareholders promising to do his best to
keep the automaker’s performance on track.

“I will dedicate my energy to enhance the future of Nissan,”
said Senard.

The shareholders also gave a green light to removing from the
board a former executive direct, Greg Kelly, who has been charged with
collaborating with Ghosn in the alleged misconduct.