Nissan Motor shareholders, who removed Carlos Ghosn from the board, had their first chance to vent concerns with management since Mr. Ghosn’s arrest
Former Nissan Chairman Carlos Ghosn leaving his lawyer's office in Tokyo in March. Photo: kazuhiro nogi/Agence France-Presse/Getty Images By Sean McLain Updated April 8, 2019 7:46 a.m. ET TOKYO—Some Nissan Motor Co. NSANY -0.24% shareholders called for the resignation of Chief Executive Hiroto Saikawa at a raucous meeting where the auto maker severed its last ties to longtime leader Carlos Ghosn.
“You found this out when he was arrested? You are disqualified for not being able to discover this,” said one shareholder. Shareholders voted to remove Mr. Ghosn from the Nissan board, ending his final connection with the company he led for nearly two decades, and they elected Renault SA RNO -0.79% Chairman Jean-Dominique Senard to replace him. That ensures the French car maker, which owns 43.4% of Nissan, retains the full complement of board members mandated by its shareholding agreement with Nissan. Mr. Senard will become vice chairman of Nissan’s board, a newly created position.
The vote came after a three-hour meeting at which more than 20 shareholders spoke, often criticizing both Mr. Saikawa and Mr. Ghosn. The same shareholder who said Mr. Saikawa should be disqualified also called Mr. Ghosn an “outrageous monster.” Reporters could hear the questions but the shareholders’ identities weren’t disclosed.
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