TOKYO, Japan – Carlos Ghosn, chairman of global automotive giant Nissan, is to be removed from his post for what has been described as ”financial misconduct”.
The move has been described in the international media as ”a shocking fate for a leader hailed for rescuing the company from close to bankruptcy”.
Ghosn has allegedly made personal use of company money and under-reported data about his salary.
Ghosn is also chairman and CDO of Renault and some comments in the media indicated that the allegation, if proved, could ”raise questions about the future of the alliance”.
A ”months-long” investigation followed a tip-off by a whistleblower and could also involved another senior member of staff, Greg Kelly.
A Nissan statement to the media said: “The investigation showed that, over many years, Ghosn and Kelly have been reporting compensation amounts in the Tokyo Stock Exchange securities report as less than the actual amount to reduce the disclosed amount of Carlos Ghosn’s compensation.”
- Reuters reported that neither Ghosn or Kelly could be reached for comment.