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Japan's Nissan reshuffles management to fix its money-losing business

  • Japan's Nissan is reshuffling management to address issues in its money-losing business.
  • The company aims to streamline processes and increase efficiency for long-term viability.
  • Restructuring efforts are part of a broader strategy to enhance profitability amid industry challenges.
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Japan's Nissan reshuffles management to fix its money-losing business

TOKYO (AP) — Embattled Japanese automaker Nissan has tapped Jeremie Papin, who was overseeing its U.S. operations, as its chief financial officer in a major management reshuffle billed as key to a turnaround. The move as announced in the United States on Thursday. It means Papin, chairman of Nissan’s Americas Management Committee, replaces Stephen Ma, who will oversee Nissan Motor Corp.’s China operations. Ma’s replacement had been speculated ab…

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Nikkei broke the news in Japan on Wednesday, December 11, 2024.
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