Nissan’s Saikawa to remain on as president, Renault chief to affix board: sources By Reuters

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© Reuters. FILE PHOTO: Nissan President and CEO Hiroto Saikawa attends a news conference at its global headquarters building in Yokohama

TOKYO (Reuters) – Japan’s Nissan Motor Co will keep Hiroto Saikawa on as president and will bring in the chief executive of alliance partner Renault SA (PA:) as a board member, two sources briefed on the matter said on Friday.

Renault Chief Executive Thierry Bollore is due to join the board, the sources said, while the French automaker’s chairman, Jean-Dominique Senard, will remain on the board. The appointments are expected to be announced on Friday and presented for approval at a Nissan shareholder meeting in June.

There had been widespread speculation about Saikawa’s future and the coming make-up of the board after Nissan this week flagged a 28% drop in annual profit and slashed its dividend, underscoring the difficulty of turning the page following the ouster of former Chairman Carlos Ghosn.

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