Nissan Motor (7201) Investor Update summary

Leadership transition and rationale

• Ivan Espinosa appointed as new Representative Executive Officer, President, and CEO, effective April 1, following board approval and nomination committee deliberation.

• Makoto Uchida steps down as CEO on March 31, citing the need for new leadership amid industry challenges and internal calls for change.

• Espinosa's global experience and product planning background were key factors in his selection.

• The board and nomination committee emphasized the urgency of transformation and pledged unified support for the new CEO.

Leadership changes

• Significant changes to the Executive Committee, with expanded roles for Guillaume Cartier and Shohei Yamazaki.

• Eiichi Akashi becomes chief technology officer, Teiji Hirata takes on chief monozukuri officer role, and Jeremie Papin is also appointed executive officer.

• Several executives, including Nakaguro, Sakamoto, Uchida, Asako Hoshino, and Hideaki Watanabe, will step down from their roles on March 31.

• New appointments include Tatsuzo Tomita as head of R&D and TdC Transformation, and Manabu Sakane as chief of Strategy Acceleration.

Strategic priorities and ongoing initiatives

• Focus remains on breaking away from current stagnation and returning to growth, with an emphasis on employee unity.

• Turnaround actions and structural transformation are ongoing, with new leadership expected to accelerate implementation.

• Exploration of new partnership opportunities, including recent talks with Honda, is underway.

• Long-term vision, Nissan Ambition 2030, and improved relations with Renault are highlighted as foundational achievements.