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Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £2.66bn
Enterprise Value £3.34bn
Revenue £14.10bn
Position in Universe 302nd / 3863

Nissan CEO repeats pledge to step down if he fails to deliver recovery

Mon 29th June, 2020 3:45am
TOKYO, June 29 (Reuters) - Nissan Motor Co  7201.T  Chief
Executive Makoto Uchida told shareholders on Monday that he
would stick to his promise to step down as leader if he fails to
deliver on his turnaround plan for the Japanese automaker.
    "At the last extraordinary shareholders meeting ... I said
that if Nissan's performance does not improve, please fire me,"
Uchida told shareholders at the company's general meeting. 
    "This policy remains unchanged." 
    Uchida, who took over as head of Nissan in December, was
addressing shareholders after the automaker last month reported
its first annual loss in 11 years.

 (Reporting by Naomi Tajitsu; Editing by Muralikumar
Anantharaman)
 ((naomi.tajitsu@thomsonreuters.com; +81364411078; Reuters
Messaging: naomi.tajitsu.thomsonreuters.com@reuters.net))
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