Reports of Nissan’s CFO leaving follow the departure of chief operating officer Ashwani Gupta in 2023 and the sensational arrest for former chief executive Carlos Ghosn in 2018. Several carmakers are struggling to cope with a shift toward electric cars, increased competition and weak demand from customers.

Nissan's stock rises as CFO Stephen Ma steps down, with CEO Makoto Uchida continuing to face challenges steering the company forward.

Nissan Motor's CFO Stephen Ma is set to step down, Bloomberg News reported on Saturday, citing people familiar with the matter, weeks after the Japanese automaker issued a profit warning and announced plans to cut thousands of jobs globally.

The stock gained as much as 1% in early morning trading, though the shares are still down almost 35% this year.

Ma joined Nissan in 1996 in North America and worked in financial roles in China and Japan before being promoted to CFO in December of 2019

Motor Co. is facing a leadership change as Chief Financial Officer Stephen Ma is preparing to step down, according to Bloomberg News. This development comes shortly after the Japanese automaker issued a profit warning and announced a major global restructuring plan,

Nissan Motor Co. Chief Financial Officer Stephen Ma is set to step down from his position, people with knowledge of the matter said, marking yet another executive change at a challenging time for the Japanese carmaker.

Financial Officer Stephen Ma is set to resign, Bloomberg reported Saturday, citing people familiar with the matter.  According to the report, it wasn’t clear if May would be demoted or leave the auto maker.