November 19, 2018 / 1:29 PM / a year ago

Nissan CEO to propose board oust Ghosn on Thursday

Nissan President and Chief Executive Officer Hiroto Saikawa attends a news conference after Japanese media reported that Nissan Chairman Carlos Ghosn will be arrested on suspicion of under-reporting his salary, at the company headquarters in Yokohama, south of Tokyo, Japan November 19, 2018. REUTERS/Issei Kato

TOKYO (Reuters) - Nissan Nissan Motor Co Ltd (7201.T) CEO Hiroto Saikawa said he would propose removing Chairman Carlos Ghosn at a board meeting on Thursday, citing serious and unacceptable incidents of financial misconduct.

Saikawa, addressing a news conference on Monday, also confirmed that Ghosn had been arrested.

Reporting by Ritsuko Ando and Elaine Lies; editing by Jason Neely

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