Nissan shareholders back board at first AGM since striking alliance deal
2023.06.26 23:34
© Reuters. FILE PHOTO: CEO of Nissan Makoto Uchida and CEO of Renault Luca de Meo attend a news conference to unveil new agreement between Nissan and Renault in London, Britain February 6, 2023. REUTERS/Toby Melville/File Photo
TOKYO (Reuters) -Nissan Motor shareholders on Tuesday backed all nominees of the board, including Chief Executive Makoto Uchida, at the automaker’s first annual general meeting since reaching a new deal with alliance partner Renault (EPA:).
The support from shareholders for the 10 board nominees, which included the nomination of IBM (NYSE:) veteran Brenda Harvey as an outside director, was widely expected given the strength of management support among Japan’s individual investors.
Nissan (OTC:) and Renault have yet to finalise the terms of their deal announced in February under which the Japanese automaker would take a stake of up to 15% in an electric vehicle unit Renault is spinning off, and Renault would reduce its 43% stake in Nissan.
The meeting was restricted to shareholders. Reuters monitored the webcast provided for investors who did not attend in person.
