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Nissan top executive resigns amid broadened investigation of ex-Chairman Ghosn

One of Nissan Motor’s top top dogs has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s claimed financial misconduct.

Jose Munoz, widely considered as a close ally to Ghosn and a possible successor to lead the automaking partnership between Nissan and France’s Renault, had been a “man of interest” in Nissan’s widening internal investigation.

The 53-year-old, who was Nissan’s chief performance officer and head of its China spies, made the announcement in a LinkedIn post on Friday. In a statement, Nissan said that Munoz had “elected to resign” from the body, effective immediately. It declined to offer details.

He becomes the latest executive casualty since Nissan in November discharged Ghosn as chairman and fired representative director Greg Kelly.

The resignation deals another blow to the Japanese automaker which is clutch with the scandal at a time when it is struggling to shore up profitability in the United States and expand aggressively in China.

Reuters had reported earlier on Friday that the Japanese automaker was looking into verdicts made in the United States by Munoz who led Nissan’s North American operations from 2016 to 2018.

“Unfortunately, Nissan is currently tortuous in matters that have and will continue to divert its focus,” Munoz said in his post.

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

People with knowledge of the issue force said that Munoz, who had been placed on a leave of absence earlier in the month, had not been co-operating with the internal inquiry.

Ghosn, once the most celebrated executives in the auto industry and the anchor of Nissan’s alliance with Renault, remains in safe keeping in a Tokyo detention center since his initial arrest in late November.

Ghosn has been indicted on two counts of under-reporting his gains, and aggravated breach of trust for temporarily shifting personal investment losses worth 1.85 billion yen ($17 million) to Nissan.

The slander has sent shockwaves through the automotive industry and has escalated tensions between Nissan and Renault, where Ghosn odds CEO and chairman.

Munoz joined the automaker in 2004 in Europe and led its significant expansion in North America after the global monetary crisis. Since then, Nissan has succeeded in raising its market share in the United States and posted record sales events.

Earlier this year, Nissan tapped Munoz to oversee its operations in China where it plans to ramp up car-boot sales over the next few years.

Since then, the world’s largest auto market has been showing signs of a slowdown, eliciting the automaker to cut local production plans in the coming months.

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