Nissan CFO to depart amid turnaround challenges

Group 1 - Nissan's CFO Jérémie Papin will step down for personal reasons after serving just over a year, with George Leondis set to take over the role effective April 1 [5][7] - Leondis has over two decades of experience at Nissan, having held various finance roles, including regional finance chief for Nissan Europe and Nissan AMIEO [4][5] - The leadership change occurs as Nissan continues its "Re:Nissan" restructuring plan aimed at improving financial performance after two years of challenges, including declining sales and profitability [5][6][7] Group 2 - The "Re:Nissan" plan, announced in May, includes workforce reductions of 20,000 and a reduction in manufacturing plants from 17 to 10 [6][7] - Nissan aims to achieve positive profitability and cash flow by full year 2026, targeting total cost savings of 500 billion Japanese yen (approximately $3.1 billion USD) compared to full year 2024 actuals [6]