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Nissan-Renault alliance

Nissan speeds search for successor as Saikawa resigns

Shortlist including alumni has been narrowed down to 10

Saikawa had been a critic of former Nissan Chairman Carlos Ghosn for his compensation practices.

TOKYO -- Nissan Motor is parting with its second leader in less than a year, with the company announcing Monday that CEO Hiroto Saikawa will step down on Sept. 16 over improperly inflated compensation.

The resignation, announced after a board meeting, accelerates the selection process for a replacement. Nissan's nominating committee has looked at about 100 potential successors to Saikawa since July, whittling down the candidates to 10. It is considering candidates inside and outside the company, including former Nissan employees.

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