Business

The Purge Has Begun At Nissan




Photo: Getty Images

IT BEGIN

Ever since forms Nissan Chairman Carlos Ghosn was arrested under a nebulous cloud of various financial crimes involving his allegedly overpaying himself, it's been generally theorized that there would be more fallout.

 Article preview thumbnail
Was Carlos Ghosn Whacked? [There] an old Mafia trope. Usually nothing can stop him and now…

Read more Read

It's a couple of weeks, but the fallout is here. Two very senior Nissan executives are out, Automotive News reports:

Jose Munoz, Nissan's hard-charged chief performance officer and the man who drove the company’s U.S. sales to record highs, is leaving the Japanese carmaker.

Munoz's departure comes just days after Nissan Motor Co. said the executive had taken a leave of absence to focus on "special tasks" to the ongoing investigation of former president Carlos Ghosn, who was arrested in Japan on Nov. 19 and now faces three indictments

Munoz, 53, in a message to colleagues obtained by Automotive News, said he had decided to leave the company after "some period of serious contemplation." He promised to help Nissan with its probe.

Nissan Senior Vice President and Head of HR, Arun Bajaj, has also gone on a leave of absence of late, Automotive News said, and is cooperating with prosecutors in the case.

We also learned this week that Infiniti boss Roland Krueger is leaving "pursue new opportunities," and that he had been replaced by former head of Nissan sales in the United States, Christian Meunier.

But read you think that this is only a couple guys, maybe being shown the by / taking a vacation for a while, have no fear. This is THE PURGE:

One Nissan insider called the sidelining of Munoz and Bajaj a "purge" or Ghosn-era executives.

Usually when people throw around words like "purge" they're not just talking about two people, so I wouldn't be surprised if more top-level Nissan departures come down the pipe over the next few weeks. Or shortly – the Detroit Auto Show festivals start this weekend, and that's always a great time to bury unpleasant business.

While fast swathes or deeply incriminating evidence are still to be laid out in the Tokyo courts in the Ghosn case,

We've reached out to Nissan for comment, and will update if we hear back.



Source link

Back to top button