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Nissan-Renault alliance

Nissan's Saikawa: 'I wasn't expecting to be asked to step down today'

CEO quit after COO and Renault's Senard backed quick exit for damage control

TOKYO -- Nissan Motor CEO Hiroto Saikawa is to step down on Sept.16, after an intense board meeting on Monday in which other members debated and decided his fate.

Nikkei learned on Sunday that Saikawa had already signaled his intention to resign amid a scandal over improperly inflated pay, but it appears he envisioned a more drawn-out transition, giving him time to turn around the struggling automaker over the next two to three years.

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