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Nissan reassigns CFO Ma to China head in management reshuffle, Nikkei reports


Published on 2024-12-10 20:20:47 - MSN
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  • Nissan Motor's board has decided to reassign Chief Financial Officer Stephen Ma to head its China business, the Nikkei newspaper reported, a high-profile shake-up for the crisis-hit Japanese automaker as it cuts thousands of jobs.

Nissan Motor Co. has announced a significant management reshuffle, reassigning its Chief Financial Officer, Stephen Ma, to head its operations in China, according to a report by Nikkei. This move is part of a broader strategy to strengthen Nissan's presence in the Chinese market, where it has been facing challenges due to intense competition and a shift towards electric vehicles. The reshuffle also includes other executive changes aimed at revitalizing the company's management structure. Nissan has been under pressure to improve its performance and profitability, especially after its alliance with Renault faced uncertainties. The new appointments are expected to bring fresh perspectives and strategies to tackle the evolving automotive landscape in China.

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