The chief executive of Nissan Motor (NSANY) -- the Japanese automaker plagued by recent leadership scandals -- is calling it quits after about two years in the role.
CEO Hiroto Saikawa said he's leaving the company "after admitting he received improperly inflated compensation," reported the Nikkei over the weekend.
The news follows the saga of ex-chairman Carlos Ghosn's alleged financial misdeeds, and comes months after Nissan nearly became entangled in the failed Fiat Chrysler -Renault merger. A famed Japanese automaker, Nissan owns the Infiniti brand and makes the Leaf.
A company spokesman declined to comment on the matter to TheStreet late Sunday.
But, according to Nikkei, Saikawa "has told several Nissan executives of his intent."
No date was set for his exit and no name for whom would fill the leadership role was reported.
A company nomination committee, however, has reportedly been on the hunt for Saikawa's replacement since mid-summer, according to Nikkei.
More news was expected to be released on Monday.
Nissan sold more than 5.6 million automobiles globally in fiscal 2018, with most sales in North America and China. The company is also part of the Renault-Nissan-Mitsubishi alliance.