Speculation surrounding Nissan’s leadership has intensified following the automaker’s unsuccessful merger attempt with Honda. According to a Bloomberg report released on Thursday, Nissan’s board of directors is actively considering candidates to replace CEO Makoto Uchida, who has led the company since 2019. The potential shakeup is said to be part of a broader effort to streamline the company’s management structure, with an official announcement expected on March 12.
Despite these reports, Reuters suggests that Uchida may retain his position. His contract is set to expire in 2026, and while he has previously stated his willingness to step down if asked, he has also expressed his intent to stabilize the company before his departure. However, this goal has become increasingly challenging following the collapse of the Honda merger.
Nissan is bracing for a substantial financial setback, anticipating a loss of approximately ¥80 billion (RM2.48 billion) by the end of March. This comes after Uchida’s proposed turnaround plan failed to yield the expected results. Compounding Nissan’s troubles, the company faces significant debt obligations in the coming year.