Nissan US Boss Jose Munoz Steps Down

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A senior executive of Nissan has stepped down from his position just a day after it emerged that he is being investigated in relation to the financial misconduct scandal that is surrounding

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In a LinkedIn post last night, Jose Munoz, the Chief performance officer of Nissan, wrote that he is stepping down from the carmaker with immediate effect.

Yesterday, it emerged that Munoz, who led the US operations of Nissan between the period of 2014 and 2018 before becoming the head of the China division of the company, is facing an investigation into the deals that were made in the United States of America.

The probe is believed to concern dealer contracts and franchise rights with some parts suppliers and service providers. Munoz is noted to be close to Ghosn, even though it is not clear whether he is accused of any wrongdoing.

Munoz posted: “Unfortunately, Nissan is currently involved in matters that have and will continue to divert its focus.”

He added: “As I have repeatedly and recently made clear to the company, I look forward to continuing to assist Nissan in its investigations.”

A spokesperson for the company disclosed to Reuters Munoz had “elected to resign,” however, it did not offer more details regarding the matter.

His resignation comes amid a furore around the conduct of Carlos Ghosn, the former chairman of Nissan who has been in detention in Tokyo since the 19th of November on charges that include the underreporting of his salary.

Earlier this week, Nissan revealed that it is extending its probe to cover the deals that were made by Ghosn in the Middle East and India.

Yesterday, Ghosn was indicted on two new charges of underreporting his pay. In a court appearance earlier this week, he maintained that he is innocent.

The resignation of Munoz is the latest blow for Nissan, which also dismissed Greg Kelly, its representative director, over the scandal.