Nissan Motor Co., Ltd. has officially announced a sweeping leadership reshuffle, confirming the departure of CEO Makoto Uchida and appointing Ivan Espinosa as his successor. The leadership change, which will take effect on April 1, follows weeks of speculation regarding Uchida’s resignation amid Nissan’s ongoing financial struggles and increasing pressure from competition in the electric vehicle sector.
The End of Uchida’s Tenure
Since taking over in 2019, Uchida steered Nissan through a turbulent period following the controversial departure of former CEO Carlos Ghosn. However, his tenure has been marked by persistent challenges, including declining profitability and an inability to secure a long-term strategic partnership. The most notable setback was Nissan’s failed merger talks with Honda, which collapsed due to disagreements over the structure of the partnership. Honda had proposed acquiring Nissan as a subsidiary rather than forming an equal alliance, a condition that Nissan executives strongly opposed.
With Uchida’s exit now confirmed, speculation is mounting over whether Nissan will revisit merger discussions with Honda. Internal sources suggest that while a full acquisition remains unlikely, the company may be open to securing financial backing while retaining its autonomy.
