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Nissan CEO Uchida defends revival plan to shareholders: Vision, spiraling share price among key issues

机译:日产首席执行官Uchida捍卫股东的复兴计划:愿景,螺旋形关键问题之间的股价

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TOKYO - Nissan CEO Makoto Uchida tried selling the automaker's new revival plan to skeptical shareholders last week amid an angry showdown over everything from his management style and corporate vision to board member pay and the company's plunging share price. Some attendees at the June 29 annual shareholders meeting even harked back wistfully to the Carlos Ghosn era: One praised the indicted former chairman's strong leadership, another blamed his downfall on a conspiracy among Japanese prosecutors and government bureaucrats. It was Uchida's second faceoff with shareholders since taking office Dec. 1. An equally contentious exchange erupted in February at an extraordinary shareholders meeting called to appoint him, as the newly minted CEO, and other executives to the board of directors. In his latest appeal, Uchida pledged that the midterm plan unveiled in May would restore the embattled carmaker to a growth trajectory, but he warned a full rebound still needed time. One benchmark of recovery, he noted, would be a return to positive free cash flow. He predicted that would happen sometime between October 2021 and March 2022. Nissan, which just posted its first full-year net loss in 11 years, bled ¥641 billion ($5.95 billion) in cash from its core automotive business for the year. But Uchida said the net cash position is still flush enough to get the company through the COVID-19 pandemic thanks to newly secured lines of credit.
机译:东京 - 日产首席执行官Makoto Uchida在愤怒的摊牌中逃到了从他的管理风格和企业愿景到董事会成员支付和公司的暴跌股价,在愤怒的摊牌中销售汽车制造商的新复兴计划。 6月29日的一些与会者每年股东大会甚至对卡洛斯·盖恩时代的竞争态度令人敬畏:一个称赞前主席的强大领导力,另一个归咎于日本检察官和政府官僚的阴谋垮台。自上任以来,这是乌奇达的第二位与股东的面向股东。2月份在2月份爆发的一个同样有争议的交流,召开了召集他的非凡股东大会,作为新犯罪的首席执行官和其他高管董事会。在他最近的呼吁中,Uchida承诺,中期计划揭开的可能会将陷入困境的车手恢复到增长轨迹,但他警告完全反弹仍然需要时间。他指出,恢复的一个基准将是恢复积极的自由现金流。他预测,这将在2021年10月20日和2022年3月之间发生的事情。日产,刚刚在11年内发布了第一个全年净亏损,从今年的核心汽车业务中获得了6410亿美元(59.5亿美元)。但是,Uchida表示,净现金职位仍然足够冲洗,以便通过Covid-19 Gildemer来获得公司,因为新担保的信贷额度。

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