Nissan prepares to replace CEO after Honda deal falls apart [Fortune]
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Source: Fortune
Nissan directors are gauging interest in potential candidates to succeed Makoto Uchida, the 22-year company veteran who's been CEO since late 2019, one of the people said, asking not to be identified because the deliberations are private. Nissan declined to comment. Uchida, 58, told reporters earlier this month that while he was prepared to relinquish his position if asked, he didn't want to step down before steadying Nissan's business. He braced investors for an ¥80 billion ($536 million) net loss for the fiscal year ending in March, a far cry from the ¥380 billion net profit he was forecasting just nine months ago Nissan is staring down a record debt bill coming due next year with all three major credit graders having cut its ratings to junk, following two downgrades in the last week. Uchida looked to Honda for help late last year, striking a tentative agreement to combine under a joint holding company. The carmakers called off those negotiations this month after butting heads
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