Nissan Holds Off on Picking Ghosn’s Successor as Tensions Brew

Nissan Holds Off on Picking Ghosn’s Successor as Tensions Brew
Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, on Oct. 1, 2018. Regis Duvignau/File Photo/Reuters
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Nissan Motor Co. will split chairman duties among its executives, putting the brakes on naming a successor to Carlos Ghosn as the pay scandal that landed the high-flying executive in a Tokyo jail widens to include the automaker itself.

The board met Dec. 17 to decide on a successor for Ghosn, who was ousted as chairman the same week he was arrested on allegations of understating his pay and misusing Nissan’s assets. Instead, directors appointed a committee to look into governance at the automaker, which was indicted along with Ghosn by Japanese prosecutors last week.