Stephen Ma of Nissan is set to step down


Nissan's Chief Financial Officer, Stephen Ma, is set to step down amid significant challenges facing the automaker. 

This leadership change comes as Nissan grapples with an outdated vehicle lineup, high sales incentives, and a limited hybrid presence in North America. The company recently announced plans to cut 9,000 jobs and reduce manufacturing capacity by 20%, leading to a drastic revision of its operating income forecast, projecting a 70% drop from earlier estimates.

 Ma joined Nissan in 1996 and became CFO in 2019, but his departure adds to the ongoing management upheaval at the company as it seeks to stabilize its operations and respond to investor concerns


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