Nissan has announced that chief financial officer Jérémie Papin will step down for personal reasons, with long-time company executive George Leondis set to take over the role from April 1st. Papin will remain at the company until mid-May to support the completion of the fiscal year. Leondis, who joined Nissan in 2004 and most recently oversaw global product and industrial operations, takes the position at a critical time as the automaker works through a major restructuring. Nissan is attempting to revive demand by cutting costs, reducing its workforce by 20,000 jobs, and closing seven factories while updating its aging vehicle lineup.
