Nissan CFO Stephen Ma set to step down, CFO Information, ETCFO

Nissan Motor Co.’s Chief Monetary Officer, Stephen Ma, is about to step down from his place, in accordance with a report by Bloomberg, marking one other vital management change for the corporate amid ongoing challenges.

Whereas it stays unclear whether or not Ma will likely be demoted or depart the corporate fully, this transfer comes simply 17 months after the resignation of Ashwani Gupta, Nissan’s former Chief Working Officer, the report highlighted.

This variation follows Nissan’s ongoing restructuring efforts, which embrace plans to chop 9,000 jobs and scale back manufacturing capability by 20%, introduced final month.

Ma, who joined Nissan in 1996 and held numerous monetary roles in North America, China, and Japan, grew to become CFO in December 2019.
In accordance with the report his departure will depart CEO Makoto Uchida as the only remaining top-level govt. Nissan is going through monetary difficulties, together with a big downward revision of its revenue forecast and challenges like an outdated product lineup.

In one other management change, Guillaume Cartier was promoted to Chief Efficiency Officer, efficient December 1, 2024.

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