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 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.

The change in the top management team was deemed necessary due to the "industry-wide challenges and Nissan's performance"

The departure of Makoto Uchida as CEO could reignite merger talks with Honda that collapsed under his tenure. It has been reported in Japan that Uchida’s failure to secure a mer

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 CEO Makoto Uchida is under deepening pressure over the Japanese automaker's weakening performance and board members are due to gather on March 11 to discuss potential successors, people familiar with the matter have said.

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.

Nissan said in a statement Tuesday that Ivan Espinosa, who is now the company’s chief planning officer, will take Makoto Uchida’s place.

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.

Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda.