Nissan shareholders sack ex-chief Ghosn

9 April, 2019 12:00 AM printer

TOKYO: Nissan shareholders voted Monday to eject Carlos Ghosn from the board, as the detained former chairman fights multiple financial misconduct charges that have landed him in custody, reports AFP.

The extraordinary shareholders’ meeting at a Tokyo hotel was the first such gathering since the stunning arrest of the 65-year-old auto sector titan on November 19.

And its vote to remove Ghosn brings an end to the auto tycoon’s storied tenure at the firm, which he was once credited with having rescued. The meeting also saw shareholders vote to remove Greg Kelly, a US executive who served as Ghosn’s right-hand man and who also faces charges in Japan, and approve a motion to replace Ghosn with Renault chairman Jean-Dominique Senard.

Nissan sacked Ghosn as chairman almost immediately after his initial arrest but an extraordinary meeting of shareholders was required to remove him from the board.