Nissan CEO plans to step down

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In a late night press conference in Tokyo, Hiroto Saikawa, CEO of Nissan, told reporters, including those from Bloomberg and The Wall Street Journal, he "would like to complete my responsibilities as quickly as possible and pass the baton on to the next leader". Saikawa stated he will concentrate on overhauling the company's governance structures. Its three independent directors and outside experts are currently looking into the issue and plan to deliver a report by the end of March.

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