Nissan Replaces CFO as Carmaker Struggles With Turnaround

Nissan Motor Co. said Chief Financial Officer Jérémie Papin will step down for personal reasons, with the struggling Japanese carmaker appointing a long-serving executive to replace him.

George Leondis will succeed Papin as finance chief from April 1, the company said in a statement Tuesday. Papin will remain with Nissan through mid-May to shepherd the carmaker through the end of the fiscal year.