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

Supreme Court Seeks Reply On Uttarakhand Madrasa Crackdown

The Supreme Court sought responses from the Centre and Uttarakhand on a petition challenging the…

36 mins ago

Supreme Court Rejects Medha Patkar’s Plea In Defamation Case

The Supreme Court upheld Medha Patkar’s defamation conviction in a case filed by Delhi’s Lieutenant…

1 hour ago

Supreme Court To Review Waqf Bill Amid Rising Opposition

The Supreme Court will hear challenges to Waqf Act amendments limiting the Board’s authority over…

1 hour ago

Supreme Court Transfers Bihar Bridge Collapse Petition To Patna HC

The Supreme Court has transferred a plea seeking an inquiry into Bihar’s frequent bridge collapses…

1 hour ago

Modi Government Introduce Waqf Amendment Bill In Parliament: A Numbers Game

The second phase of budget session is underway in Parliament, and amidst ongoing protests, the…

2 hours ago

How Your Skin Changes When You Stop Eating Sugar For 30 Days

Cutting sugar from your diet for 30 days can lead to noticeable improvements in your…

2 hours ago