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Nissan's Ghosn crisis

Ex-Nissan COO and close Ghosn aide Shiga to retire in June

Executive was instrumental in promoting the Renault alliance

Nissan COO Shiga
Toshiyuki Shiga, who joined Nissan in 1976, was a core player in Carlos Ghosn's management team.

TOKYO -- Nissan Motor's former chief operating officer Toshiyuki Shiga is to step down as a director at the automaker's annual shareholders' meeting in June, Nikkei learned on Tuesday.

Shiga, 65, has long been a core player in Nissan's management, assisting ousted Chairman Carlos Ghosn, who was arrested last November on suspicion of breaching Japan's Financial Instruments and Exchange Act and other wrongdoing.

After joining Nissan in 1976, Shiga was instrumental in capital tie-up talks with French carmaker Renault in 1999, and also promoted the Nissan Revival Plan that helped make the company what it is today. After serving as COO from 2005 to 2013, he became vice chairman and director in 2017.

Nissan appears to have decided that Shiga should give up his director's seat, as it has been five years since he resigned as COO and his current term will expire in June.

In December, the automaker established a Special Committee for Improving Governance. The company plans to decide on new management, including a successor to Ghosn, based on suggestions the committee is to submit in late March.

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