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BREAKING: Nissan board sacks chairman, Carlos Ghosn

Nissan-Carlos Ghosn

The Board of Directors of Nissan has voted to dismiss Carlos Ghosn as chairman following his arrest over allegations of financial misconduct.

The automaker accused Ghosn of under-reporting his salary and using company assets for personal use.

READ: Nissan, Renault boss, Carlos Ghosn, arrested for financial misconduct

Analysts and industry sources are however seeing it as part of Nissan’s attempt to rebalance power in its alliance with Renault and Mitsubishi, which Mr Ghosn also chairs.

Ghosn, 64, is the architect of the alliance between the three firms.

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