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MarketScreener Homepage  >  Equities  >  Tokyo  >  Nissan Motor Co Ltd    7201   JP3672400003

NISSAN MOTOR CO LTD

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Nissan Motor : executive Munoz resigns after Ghosn's arrest

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01/11/2019 | 09:16pm EDT

TOKYO (AP) — Nissan Chief Performance Officer Jose Munoz, who took a leave of absence a week ago, has resigned, the first high-profile departure at the Japanese automaker publicly acknowledged as related to the arrest of former Chairman Carlos Ghosn.

Munoz said in a statement on LinkedIn Saturday he made the decision after serious thinking because the company was "involved in matters that have and will continue to divert its focus," referring to Ghosn's case.

Munoz is among several executives media speculated might succeed Ghosn, who led Nissan for two decades.

Nissan confirmed the resignation, effective immediately.

There have been other recent departures from Nissan, but Nissan has denied they were related to Ghosn's case.

Munoz, a Spaniard who oversaw Nissan's global strategies, worked for Nissan for 14 years.

"I love the company, my talented co-workers and Nissan's industry-leading dealers," he said.

Ghosn, arrested Nov. 19, has been charged with breach of trust and falsifying financial reports and remains detained in Tokyo. He rebutted each allegation and asserted his innocence in a Tokyo court earlier this week, his first public appearance since his arrest.

The court rejected a request by prosecutors late Friday that Ghosn not be allowed to receive visitors, paving the way for his family to see him for the first time since his arrest. Until now, Ghosn could only see prosecutors, embassy officials and his lawyers.

In Japan, suspects are routinely held for months until their trials start. No trial date has been set for Ghosn.

Yuri Kageyama is on Twitter at https://twitter.com/yurikageyama

On Instagram at https://www.instagram.com/yurikageyama/?hl=en

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

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Financials (JPY)
Sales 2019 11 739 B
EBIT 2019 -
Net income 2019 466 B
Debt 2019 6 590 B
Yield 2019 5,96%
P/E ratio 2019 8,04
P/E ratio 2020 7,37
EV / Sales 2019 0,90x
EV / Sales 2020 0,90x
Capitalization 4 016 B
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Mean consensus HOLD
Number of Analysts 20
Average target price 1 006  JPY
Spread / Average Target 5,8%
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Managers
NameTitle
Hiroto Saikawa Vice Chairman, President & Chief Executive Officer
Hiroshi Karube Chief Financial Officer
Takao Asami Senior Managing Executive Officer & Head-Research
Anthony Thomas Chief Information Officer & Corporate VP
Carlos Ghosn Bichara Director
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