© Reuters. FILE PHOTO: Nissan CEO Makoto Uchida and Renault CEO Luca de Meo attend a press conference to unveil a new agreement between Nissan and Renault in London, Britain on February 6, 2023. REUTERS/Toby Melville/File Photo
TOKYO (Reuters) – Nissan Motor shareholders on Tuesday backed all board nominees, including Chief Executive Officer Makoto Uchida, at the automaker’s first annual general meeting since reaching a new deal with the alliance partner. Renault (EPA:).
Shareholder support for ten candidates for the Board of Directors, which included the nomination of ibm (NYSE::) veteran Brenda Harvey as an outside manager, it was widely anticipated given the strength of management support among retail investors in Japan.
Nissan (OTC::) and Renault have yet to finalize the terms of the deal announced in February under which the Japanese automaker will take up to 15% of Renault’s electric vehicle unit, and Renault will cut 43%. Share in April.
The meeting was restricted to shareholders. Reuters monitored the webcast provided to investors who did not appear in person.