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A senior executive of Nissan Motor Co Ltd, Jose Munoz, has taken a leave of absence in a sudden management shake-up as the Japanese automaker deals with the aftermath of the arrest of former chairman Carlos Ghosn.
Munoz`s absence comes as Ghosn has been held in a detention centre since his Nov. 19 arrest on allegations of financial misconduct, which was followed by re-arrests over further allegations. 
In a statement on Saturday, Nissan said that Munoz has taken a leave of absence "to allow him to assist the company by concentrating on special tasks arising from recent events." 
As a result, his planned appearance at the Consumer Electronics Show in Las Vegas next week would be cancelled, a Nissan spokesman said.
Reuters could not immediately reach Munoz for comment.
Munoz is considered by many in the company to be a close ally of Ghosn, whose arrest has rocked the auto industry and strained Nissan`s ties with French partner Renault SA where he still remains chairman and chief executive.
It has prompted some soul searching at the Japanese automaker, which has acknowledged that too much power was concentrated with Ghosn after he oversaw the turnaround of the struggling automaker two decades ago following its rescue from the brink by Renault.
After stripping Ghosn of his chairman position following his arrest, Nissan CEO Hiroto Saikawa has called for changes to weaken the clout of controlling shareholder Renault.
Watch Zee Business Tweet Video here:
<blockquote data-lang="en"><a href="https://twitter.com/hashtag/ZBizexclusive?src=hash&amp;ref_src=twsrc%5Etfw">#ZBizexclusive</a> | <a href="https://twitter.com/hashtag/NBCC?src=hash&amp;ref_src=twsrc%5Etfw">#NBCC</a> को जल्द मिलेंगे बड़े भारी कॉन्ट्रैक्ट, इस खबर पर ज़ी बिज़नेस से खास बात की NBCC के CMD अनूप कुमार मित्तल ने स्वाति खंडेलवाल हमारे से।<a href="https://twitter.com/DrAK_Mittal?ref_src=twsrc%5Etfw">@DrAK_Mittal</a> <a href="https://twitter.com/SwatiKJain?ref_src=twsrc%5Etfw">@SwatiKJain</a> <a href="https://twitter.com/OfficialNBCC?ref_src=twsrc%5Etfw">@OfficialNBCC</a> <a href="https://t.co/WCMArpTCNC">pic.twitter.com/WCMArpTCNC</a>
— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1081212907529080834?ref_src=twsrc%5Etfw">January 4, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Munoz, who serves as Nissan`s chief performance officer, joined the automaker in 2004 in Europe, and led its ambitious expansion in North America after the global financial crisis. 
Since then, Nissan has succeeded in raising its market share in the United States, but profitability in the region has plummetted in the past few years due to heavy discounting on its vehicles, an issue that Saikawa has pledged to reverse.
Earlier this year Nissan tapped Munoz to oversee its operations in China, where it plans to ramp up sales over the next few years. Since then, the world`s largest auto market has been showing signs of a slowdown, prompting the automaker to cut local production plans in the coming months.

A senior executive of Nissan Motor Co Ltd, Jose Munoz, has taken a leave of absence in a sudden management shake-up as the Japanese automaker deals with the aftermath of the arrest of former chairman Carlos Ghosn.Munoz`s absence comes as Ghosn has been held in a detention centre since his Nov. 19 arrest on allegations of financial misconduct, which was followed by re-arrests over further allegations. In a statement on Saturday, Nissan said that Munoz has taken a leave of absence "to allow him to assist the company by concentrating on special tasks arising from recent events." As a result, his planned appearance at the Consumer Electronics Show in Las Vegas next week would be cancelled, a Nissan spokesman said.Reuters could not immediately reach Munoz for comment.Munoz is considered by many in the company to be a close ally of Ghosn, whose arrest has rocked the auto industry and strained Nissan`s ties with French partner Renault SA where he still remains chairman and chief executive.It has prompted some soul searching at the Japanese automaker, which has acknowledged that too much power was concentrated with Ghosn after he oversaw the turnaround of the struggling automaker two decades ago following its rescue from the brink by Renault.After stripping Ghosn of his chairman position following his arrest, Nissan CEO Hiroto Saikawa has called for changes to weaken the clout of controlling shareholder Renault.Watch Zee Business Tweet Video here:#ZBizexclusive | #NBCC को जल्द मिलेंगे बड़े भारी कॉन्ट्रैक्ट, इस खबर पर ज़ी बिज़नेस से खास बात की NBCC के CMD अनूप कुमार मित्तल ने स्वाति खंडेलवाल हमारे से।@DrAK_Mittal @SwatiKJain @OfficialNBCC pic.twitter.com/WCMArpTCNC— Zee Business (@ZeeBusiness) January 4, 2019Munoz, who serves as Nissan`s chief performance officer, joined the automaker in 2004 in Europe, and led its ambitious expansion in North America after the global financial crisis. Since then, Nissan has succeeded in raising its market share in the United States, but profitability in the region has plummetted in the past few years due to heavy discounting on its vehicles, an issue that Saikawa has pledged to reverse.Earlier this year Nissan tapped Munoz to oversee its operations in China, where it plans to ramp up sales over the next few years. Since then, the world`s largest auto market has been showing signs of a slowdown, prompting the automaker to cut local production plans in the coming months.

In a statement on Saturday, Nissan said that Munoz has taken a leave of absence "to allow him to assist the company by concentrating on special tasks arising from recent events." 

Nissan&#039;s executive Munoz takes leave of absence in wake of Ghosn arrest

Nissan's executive Munoz takes leave of absence in wake of Ghosn arrest

news-nissans-executive-munoz-takes-leave-of-absence-in-wake-of-ghosn-arrest-78765

A senior executive of Nissan Motor Co Ltd, Jose Munoz, has taken a leave of absence in a sudden management shake-up as the Japanese automaker deals with the aftermath of the arrest of former chairman Carlos Ghosn. Munoz`s absence comes as Ghosn has been held in a detention centre since his Nov. 19 arrest on allegations of financial misconduct, which was followed by re-arrests over further allegations.  In a statement on Saturday, Nissan said that Munoz has taken a leave of absence to allow him to assist the company by concentrating on special tasks arising from recent events.  As a result, his planned appearance at the Consumer Electronics Show in Las Vegas next week would be cancelled, a Nissan spokesman said. Reuters could not immediately reach Munoz for comment. Munoz is considered by many in the company to be a close ally of Ghosn, whose arrest has rocked the auto industry and strained Nissan`s ties with French partner Renault SA where he still remains chairman and chief executive. It has prompted some soul searching at the Japanese automaker, which has acknowledged that too much power was concentrated with Ghosn after he oversaw the turnaround of the struggling automaker two decades ago following its rescue from the brink by Renault. After stripping Ghosn of his chairman position following his arrest, Nissan CEO Hiroto Saikawa has called for changes to weaken the clout of controlling shareholder Renault. Watch Zee Business Tweet Video here: #ZBizexclusive | #NBCC को जल्द मिलेंगे बड़े भारी कॉन्ट्रैक्ट, इस खबर पर ज़ी बिज़नेस से खास बात की NBCC के CMD अनूप कुमार मित्तल ने स्वाति खंडेलवाल हमारे से।@DrAK_Mittal @SwatiKJain @OfficialNBCC pic.twitter.com/WCMArpTCNC — Zee Business (@ZeeBusiness) January 4, 2019 Munoz, who serves as Nissan`s chief performance officer, joined the automaker in 2004 in Europe, and led its ambitious expansion in North America after the global financial crisis.  Since then, Nissan has succeeded in raising its market share in the United States, but profitability in the region has plummetted in the past few years due to heavy discounting on its vehicles, an issue that Saikawa has pledged to reverse. Earlier this year Nissan tapped Munoz to oversee its operations in China, where it plans to ramp up sales over the next few years. Since then, the world`s largest auto market has been showing signs of a slowdown, prompting the automaker to cut local production plans in the coming months.

In a statement on Saturday, Nissan said that Munoz has taken a leave of absence to allow him to assist the company by concentrating on special tasks arising from recent events. 