Nissan Faces Leadership Change as CFO Stephen Ma Plans to Exit

Nissan Motor’s Chief Financial Officer (CFO) Stephen Ma is expected to step down, according to Bloomberg News, citing unnamed sources. Ma, who became CFO in 2019, has served during a period of financial and strategic turbulence. Nissan has declined to comment on the report, and Ma’s office has also remained silent.

This development follows Nissan’s recent announcement to cut 9,000 jobs and reduce global manufacturing capacity by 20%, with the goal of saving USD 2.6 billion in the current fiscal year. This restructuring comes amid declining sales in key markets, including China and the U.S., where the automaker’s global sales dropped 3.8% in the first half of the financial year, reflecting broader challenges in adapting to changing market demands.