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Nissan: Carlos Ghosn soon fixed on his fate

The automaker, Nissan, will hold Monday an extraordinary general meeting to decide the dismissal of the term of office of Carlos Ghosn, already sacked in November of the presidency after his arrest for alleged malpractices.

At this extraordinary general meeting of shareholders, Nissan will also ask shareholders to approve the dismissal of Ghosn’s right-hand man, Greg Kelly, and the appointment of Renault chairman Jean-Dominique Senard to the board of directors.

The dismissal of Carlos Ghosn’s mandate will mark a break in the growth strategy under his leadership, as well as a challenge for the future of the builder in a rapidly changing sector.

The appointment of external directors to the Board of Directors and the creation of committees to oversee the compensation and appointments of senior executives are also on the agenda of this Extraordinary General Meeting.

Carlos Ghosn was dismissed as president at Nissan, Renault and Mitsubishi Motors after his arrest. He also resigned as Renault CEO.

He is accused of violating the Financial Instruments Act by under-reporting his remuneration. He also faces a charge of aggravated breach of trust in connection with the alleged transfer of private investment losses in the books of the Japanese manufacturer. He denied all these allegations. He became president of Nissan in 2000 and served as president and chief executive officer from 2001 to 2017.

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