YOKOHAMA, Japan – Nissan Motor Co., Ltd.'s Nomination Committee has selected candidates for the company's board of directors this month. These candidates will be proposed for appointment at the annual general meeting of stockholders scheduled for June.
Additionally, on March 10, the board of directors nominated candidates for key positions, including board chair, and the chairs and members of the nomination, compensation, and audit committees.
1. Candidates for director
(To be proposed to the annual general meeting of shareholders)
Name
Current Role
-
Outside Independent
Bernard Delmas *1
Independent outside director
Re-appointment
Outside Independent
Motoo Nagai
Independent outside director
Re-appointment
Outside Independent
Andrew House
Independent outside director
Re-appointment
Outside Independent
Brenda Harvey
Independent outside director
Re-appointment
Outside Independent
Mariko Tokuno
Independent outside director
Re-appointment
Outside Independent
Akiyoshi Koji *²
-
New appointment
Outside Independent
Junichi Shinbo *³
-
New appointment
Outside Independent
Joy M. Greenway
-
New appointment
Valerie Landon
Director
Re-appointment
Timothy Ryan
Director
Re-appointment
Ivan Espinosa
Director,
Representative executive officer,
president and CEO
Re-appointment
Eiichi Akashi
Director,
Executive officer,
Chief Technology Officer
Re-appointment
*1 Subject to approval of the election of directors at this year's annual general meeting of shareholders; he was elected as the lead independent outside director at the independent outside directors meeting held this month.
*2 Currently Honorary Chairman of Asahi Group Holdings, Ltd., Vice Chair of Japan Business Federation, Chairman of Japan-Korea Economic Association, Outside Director of Imperial Hotel, Ltd., etc.
*3 Currently Senior Managing Director of Sunshine City, Inc.
2. Retirement of Directors
(To step down at the end of the annual general meeting of shareholders)
Name
Current Role
Yasushi Kimura
Independent outside director
Keiko Ihara
Independent outside director
Teruo Asada
Independent outside director. Candidates for board chair
Akiyoshi Koji is to be appointed as board chair. The proposal will be resolved at the board of directors meeting to be held soon after the annual general meeting of shareholders.
4. Candidates for committee chair and members
1) Nomination Committee
Committee chair
Andrew House
Member
Motoo Nagai
Member
Brenda Harvey
Member
Akiyoshi Koji
Member
Timothy Ryan
2) Compensation Committee
Committee chair
Mariko Tokuno
Member
Motoo Nagai
Member
Bernard Delmas
Member
Andrew House
Member
Junichi Shinbo
Member
Joy M. Greenway
3) Audit Committee
Committee chair
Motoo Nagai
Member
Bernard Delmas
Member
Brenda Harvey
Member
Mariko Tokuno
Member
Junichi Shinbo
Member
Valerie Landon
The proposal of candidates for the committee chair and members will be resolved at the board of directors meeting to be held soon after the annual general meeting of shareholders.
Quick Q&A
- Who is involved in the board of directors' nominations?
- Nissan Motor Co., Ltd.'s Nomination Committee selected the candidates for the company's board of directors, and the board itself nominated candidates for key positions.
- What was announced regarding the board of directors?
- Nissan announced the nomination of candidates for its board of directors, including new appointments like Akiyoshi Koji and Joy M. Greenway, as well as re-appointments such as Bernard Delmas and Valerie Landon.
- When were the nominations made and when will they take effect?
- The Nomination Committee selected candidates this month, and the board of directors nominated candidates for key positions on March 10. These appointments are subject to approval at the annual general meeting of stockholders scheduled for June.
- Why does the nomination of Akiyoshi Koji as board chair matter?
- Akiyoshi Koji, currently Honorary Chairman of Asahi Group Holdings, Ltd. and Vice Chair of Japan Business Federation, is nominated to be appointed as board chair, a significant leadership role for Nissan.
- What comes next after the annual general meeting of shareholders?
- Soon after the annual general meeting of shareholders, a board of directors meeting will be held to resolve the appointment of Akiyoshi Koji as board chair and the proposals for committee chairs and members for the Nomination, Compensation, and Audit Committees.