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

NISSAN MOTOR CO LTD

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Nissan Motor : proposing more board members, with Renault's Bollore

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05/17/2019 | 03:31am EDT

TOKYONissan says it is proposing adding Renault's chief executive, Thierry Bollore, to its board, as well as several outsiders, to strengthen its governance following the arrest of its former chairman, Carlos Ghosn.

The Japanese automaker's proposals announced Friday will be put to a shareholder vote at a meeting set for June.

Nissan Motor Co. said it will retain Hiroto Saikawa as its chief executive. It also wants to add Sony Interactive Entertainment's chairman, Andrew House, Nihon Michelin Tire's chairman, Bernard Delmas, to the board.

Nissan's proposal calls for an 11-member board, including seven outside directors. The board now has eight members, including Jean-Dominique Senard, chairman at French alliance partner Renault SA, who was approved earlier this year.

Ghosn is facing financial misconduct charges. He says he is innocent.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

Stocks mentioned in the article
ChangeLast1st jan.
NISSAN MOTOR CO LTD -0.29% 764.3 End-of-day quote.-10.72%
RENAULT -2.03% 54.46 Real-time Quote.-0.17%
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Financials (JPY)
Sales 2020 11 317 B
EBIT 2020 -
Net income 2020 285 B
Debt 2020 6 713 B
Yield 2020 5,74%
P/E ratio 2020 10,75
P/E ratio 2021 7,85
EV / Sales 2020 0,88x
EV / Sales 2021 0,86x
Capitalization 3 235 B
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Mean consensus HOLD
Number of Analysts 21
Average target price 844  JPY
Spread / Average Target 10%
EPS Revisions
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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