Business

Nissan In Turmoil After Top Executive Ashwani Gupta Resigned

Nissan top executive Ashwani Gupta is leaving the company, the Japanese manufacturer announced Friday, reviving concerns about the firm’s leadership stability.

Gupta was named to an executive troika in October 2019, as the firm tried to regain its footing after the arrest of former CEO Carlos Ghosn.

As COO, the Indian national swiftly established himself as one of the company’s key public faces, looming large at quarterly earnings news conferences, and was projected as a potential future CEO.

However, prior to Friday’s statement, a source close to the situation told media personnel that Gupta was stepping down, citing rivalry between him and CEO Makoto Uchida.

According to the source, he had a clear ambition to be the top man. He wasn’t driven out, but he knew it wouldn’t be possible.

“Gupta chose to leave the company to pursue other opportunities effective June 27”, Nissan said, without explaining why.

According to the automaker, a new executive team will be introduced on the same day.

Nissan has suffered a string of setbacks in recent years, including Ghosn’s arrest and ensuing internal instability, as well as falling sales and the consequences of the pandemic and supply chain disruptions.

Also read: Antony Blinken Makes A Rare Visit To China On To Bring Down Temperature

Spriha Rai

Recent Posts

Allahabad High Court Sets Hearing Date For Petition Against PM Modi’s Election

The election petition contests PM Modi's election to the Lok Sabha. The petitioner claims that…

7 hours ago

SC Issues Notice On Petition Challenging Lack Of Transparency In NEET-PG Exam

The petition criticized the NBE's failure to disclose essential examination materials, such as question papers,…

7 hours ago

Jagan Mohan Reddy Demands Action Against Naidu Over Tirumala Ghee Controversy

Reddy accused Naidu of damaging the reputation of the Sri Venkateswara Swamy temple. He claimed…

8 hours ago

Adani Total Gas Secures Largest Global Financing In City Gas Biz At $375 Million

The funds will accelerate ATGL’s capital expenditure program, allowing rapid expansion of its CGD network…

9 hours ago

Ayodhya Mosque-Construction Project In Limbo Over Severe Fund Crunch

IICF members acknowledged the slow fundraising progress, with only about Rs 1 crore raised over…

9 hours ago

BJP President JP Nadda Slams Bhagwant Mann’s Government For Failing To Settle Ayushman Bharat Dues In Punjab

Nadda urged CM Mann to expedite the payment process, highlighting the impact on families, particularly…

10 hours ago