Nissan Motor Co. CEO Hiroto Saikawa, whose tenure has been rocked by a scandal leading to the downfall of one of the most charismatic leaders in Japanese business and raising serious questions over the company's corporate governance, has expressed his intention to step down, the Nikkei business daily reported Sunday night.
After the fall of ex-Nissan chairman Carlos Ghosn, it was revealed that Saikawa and several other Nissan executives had received excess compensation.
Saikawa, 65, has told a few executives at the automobile giant that he is set to depart, according to the newspaper. The company is scheduled to hold a board meeting on Monday during which the issue is likely to be discussed, the report said.