Nissan Motor Co. is facing a significant leadership change as Chief Financial Officer Stephen Ma prepares to step down amid ongoing challenges for the automaker.
It is uncertain whether Ma will be demoted or leave the company entirely, as the announcement has not been made public. This comes after the departure of Chief Operating Officer Ashwani Gupta 17 months ago.
Nissan recently announced plans to cut 9,000 jobs and reduce manufacturing capacity by 20% due to financial pressures in the competitive automotive market.