Transportation
Nissan CFO Set to Step Down as Carmaker Faces Raft of Challenges
- Stephen Ma’s exit as CFO follows years of management turmoil
- Nissan facing declining performance, investment by activist
Stephen Ma
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Nissan Motor Co. Chief Financial Officer Stephen Ma is set to step down from his position, people with knowledge of the matter said, marking yet another executive change at a challenging time for the Japanese carmaker.
It’s not clear whether Ma may be demoted or leave the company, said one person, asking not to be identified because the move hasn’t been announced. The change, which comes 17 months after Ashwani Gupta left as Nissan’s chief operating officer, follows an announcement earlier this month that it will eliminate 9,000 jobs and cut a fifth of its manufacturing capacity.