Mitsubishi Motors has followed Nissan in the removal of Carlos Ghosn as Chairman. The removal comes following Ghosn’s arrest for alleged financial misconduct in Japan. Ghosn remains Chairman only of Renault at this time.
The decision to remove Ghosn at Mitsubishi came after a 70 minute board meeting, reports Automotive News. Ghosn, who has been detained since November 19th, was not in attendance of the meeting that left CEO Osamu Masuko as temporary chairman. A permanent replacement for Ghosn will be selected at the next Mitsubishi shareholders meeting.
Mitsubishi says it removed Ghosn largely because its partner Nissan had done the same. The Japanese automaker was also becoming concerned with its own reputation being tied to Ghosn’s alleged misconduct. Ghosn became chairman of Mitsubishi in late 2016 when the small Japanese automaker became part of the Nissan-Renault Alliance.
Ghosn’s ouster from Mitsubishi begs the question as to what the future holds for the Nissan-Renault-Mitsubishi Alliance. Currently Ghosn remains chairman only at Renault, while both Japanese automakers have now removed him.