Nissan CEO apologises to shareholders over misconduct issue

FILE PHOTO: A Nissan logo is pictured during the media day for the Shanghai auto show in Shanghai, China, April 16, 2019. REUTERS/Aly Song

TOKYO (Reuters) – Nissan Motor Co Ltd Chief Executive Hiroto Saikawa on Tuesday apologised to shareholders for the fallout of a scandal involving former Chairman Carlos Ghosn, which has rocked the automaker and clouded the outlook of its partnership with Renault SA.

“We would like to apologise for any inconvenience caused by the financial misconduct,” he told a shareholders meeting, before he and the automaker’s board members bowed deeply in unison.

Shareholders at Japan’s second-biggest automaker were due to vote on a new governance structure and 11-member board, after the arrest last year of Ghosn over financial misconduct allegations – which he denies – revealed auditing weaknesses at the company.

Reporting by Naomi Tajitsu; Editing by Christopher Cushing

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