Nissan shares slumped 3% after news of the resignation of another top Manager
Nissan Vice President of operations June Seki has announced his retirement after 30 years of work for the Japanese automaker, reports Reuters. On the background of this news shares of Nissan on the Tokyo stock exchange fell more than 3%.
Mr. Seki stated that he intends to leave his post in January to head up another company — auto parts manufacturer Nidec Corp. Vice-President of Nissan Jun Seki was most recently appointed, 1 December, together with the new CEO of the group Makoto with Alidou and operating officer of Ashwani Gupta. Together, they had to implement large-scale restructuring plan of the automaker.
However, according to Agency sources, the new management team failed to work together and this has the departure of Mr. Seki.
"I love Nissan, and I feel uncomfortable because I leave unfinished work on the reform of the company. But I'm 58 years old, and this offer I could not refuse. This may be my last chance to be President. It is not about the money. The truth is, even I will lose in salary, as Nissan pay us very well," said Mr. Seki.
Nissan confirmed the words of the top Manager and accepted his resignation, "despite the fact that the company began work under a new management team headed by the Director General Makoto Uchidoi only 1 of Dec".
the Resignation Seki could further complicate relations with the main Nissan shareholder Renault SA. Seki recently worked in Paris for years and was seen as pretty close to the French automaker.