Nissan board may fail to select new chairman on Monday - Nikkei

Nissan board may fail to select new chairman on Monday - Nikkei

TOKYO (Reuters) - Nissan Motor Co's <7201.T> board may fail to select a chairman to succeed Carlos Ghosn as had been planned on Dec. 17 after a panel tasked to choose a candidate was unable to agree on a nominee in a meeting held Thursday, the Nikkei reported.

The panel of Nissan's three external board members would continue their discussions, the business daily said. The panel could end up postponing their decision, which was to be put to the rest of the board on Monday, the report said.

Nissan did not immediately respond to a request for comment.

Ghosn has been held in a Tokyo jail since he was arrested on Nov. 19 on suspicion of conspiring to understate his pay by about half of the actual 10 billion yen ($88 million) awarded over five years from 2010. He was charged on Monday.

He was also re-arrested on fresh allegations of understating his income for three more years through March 2018, with the Tokyo District Court extending his detention until Dec. 20.

(Reporting by Ritsuko Ando and Kaori Kaneko; Editing by Chang-Ran Kim and Stephen Coates)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.

Updated Date: Dec 14, 2018 07:05:14 IST

Also See