Nissan said on Friday that Hiroto Saikawa would stay on as chief executive, backing the protege of former boss Carlos Ghosn even as top shareholder Renault pushed for a change in the Japanese automaker’s leadership, Reuters reads.
Saikawa’s re-appointment is likely to be seen as a rebuff to Renault, which has been pushing for leadership change at Nissan as a prelude to merger talks, sources at both companies have told Reuters. Saikawa – who has long opposed full integration – is seen as an obstacle to a tie-up, several people have told Reuters.
Nissan also said that Renault Chief Executive Thierry Bollore will join its board, while Renault Chairman Jean-Dominique Senard will remain on the board. The appointments will be presented for approval at a shareholder meeting in June.