Nissan CEO Makoto Uchida will step down from his position on April 1, with current Chief Planning Officer Ivan Espinosa set to take up the role. Espinosa will be Nissan's fourth CEO in eight years. The leadership shakeup comes less than a month after Nissan and Honda terminated merger talks.

Nissan on Tuesday named Ivan Espinosa its next chief executive, tapping the two-decade company veteran with deep product experience to revive a once-storied brand now tarnished by years of scandal, management turmoil and faltering sales.

Nissan has announced changes to its senior management, including the departure of CEO Makoto Uchida. The company said it is introducing a significantly ‘renewed leadership line-up to achieve the company's short- and mid-term objectives while positioning it for long-term growth’.

Nissan CEO Makoto Uchida is set to step down from his position on April 1, 2025, following a tumultuous period. Ivan Espinosa—who currently serves as the Chief Planning Officer—will take the chief executive post.

Speculation Nissan’s rumoured collapse is drawing closer has been further ignited after its embattled chief executive was shown the door.

The Japanese automaker has revealed multiple executives will resign from their positions after talks with Honda to create the world's third-largest car manufacturer fell flat.

Nissan on Tuesday named chief planning officer Ivan Espinosa to take the helm from April 1, marking the end to weeks of speculation over who would succeed Makoto Uchida as leader of the troubled Japanese carmaker Nissan made the announcement in a statement,

Current Chief Planning Officer Ivan Espinosa will be assuming the role starting in April in a bid to turn around the struggling Yokohama-based automaker.

Chief Executive Makoto Uchida is stepping down, with Chief Planning Officer Ivan Espinosa taking the helm of the Japanese carmaker.

Nissan's board of directors will meet on Tuesday to discuss potential successors to CEO Makoto Uchida, who is under pressure to step down due to the Japanese automaker's worsening earnings performance and failed merger talks with Honda.