Nissan's Big Shakeup: New Faces, New Strategies

Japanese car maker Nissan has given its management team a big shakeup. Jeremie Papin, who was in charge of Nissan's U. S. operations, is now the new chief financial officer. This change comes after Nissan had a tough quarter, losing money and seeing sales drop. Papin has a lot of experience, which Nissan hopes will help turn things around. Stephen Ma, who was the chief financial officer, is moving to oversee Nissan's China operations. Christian Meunier, who used to run Jeep, is coming back to Nissan to lead the Americas team. Other changes include Asako Hoshino continuing to focus on customer experience, while Shohei Yamazaki takes on more responsibilities. Nissan's CEO, Makoto Uchida, took a pay cut to show he's serious about fixing the company's problems. He wants Nissan to be more efficient and better meet market demands. Guillaume Cartier has also joined as the chief performance officer to help with these changes. More changes are coming in April to make Nissan's management structure leaner and quicker to react to changes. Nissan's stock price has been dropping over the last six months, so these changes are crucial for the company's future.