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Nissan's new CEO, Ivan Espinosa, aims to accelerate decision-making and model development to revitalize the struggling automaker, emphasizing a need for a more empathetic corporate culture. He plans to introduce new vehicles in 30 to 37 months and is open to partnerships beyond the auto industry, while showcasing a lineup that includes electric and hybrid models. Meanwhile, Saudi Arabia's telecom sector marks a milestone with the launch of its first live Cloud Radio Access Network site, enhancing 5G capabilities and supporting the Kingdom's digital transformation initiatives.
Nissan's CEO, Makoto Uchida, is stepping down amid poor financial results and failed merger talks with Honda. Ivan Espinosa, the current chief planning officer with extensive experience in Mexico, will succeed him on April 1, as the company seeks a turnaround strategy. Analysts express skepticism about the leadership change, emphasizing the need for an outsider to drive significant improvements.
Nissan's CEO, Makoto Uchida, is stepping down amid poor financial results and failed merger talks with Honda. Ivan Espinosa, the current chief planning officer with extensive experience in Mexico, will succeed him on April 1, as the company seeks a turnaround strategy. Analysts express skepticism about the leadership change, emphasizing the need for an outsider to drive significant improvements.
Nissan has appointed chief planning officer Ivan Espinosa as the new CEO, effective April 1, succeeding Makoto Uchida amid declining earnings and failed merger talks with Honda. Espinosa, who has been with the company since 2003 and has extensive experience in product planning, will lead the automaker's shift towards electric vehicles. A press conference is scheduled for 0930 GMT to discuss the transition.
Nissan has appointed chief planning officer Ivan Espinosa as the new CEO, effective April 1, succeeding Makoto Uchida, who is stepping down amid declining earnings and failed merger talks with Honda. Espinosa, who joined Nissan in 2003, has extensive experience in product planning and global strategy, and has been pivotal in the company's shift towards electric vehicles. A press conference is scheduled for 0930 GMT to discuss the transition.
Nissan's board will meet on March 11 to discuss potential successors for CEO Makoto Uchida, whose position is under scrutiny due to the company's declining performance. Candidates include CFO Jeremie Papin, Chief Planning Officer Ivan Espinosa, and Chief Performance Officer Guillaume Cartier, though their ties to current management issues raise doubts about their suitability. The automaker is also exploring partnerships, including a possible tie-up with Foxconn, as it grapples with significant structural challenges and a recent downgrade to junk status by Fitch Ratings.
Nissan Motor Co. shares continued to decline, dropping as much as 5% in early trading after a 6% fall on Friday, totaling a loss of around $1 billion in market value. The company's plans to cut thousands of jobs and reduce production capacity have raised concerns about CEO Makoto Uchida's turnaround strategy.
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nissan appoints new ceo to accelerate turnaround and boost model development
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