Nissan Ousts CEO Over Pay Scandal as Turmoil Deepens at Carmaker

Less than a year since the dramatic downfall of Carlos Ghosn, Nissan Motor Co. is losing another leader.

Chief Executive Officer Hiroto Saikawa was asked by the board on Sept. 9 to step down by Sept. 16. He’ll be replaced by Chief Operating Officer Yasuhiro Yamauchi until a permanent replacement is named by the end of October.

With Saikawa felled by a scandal over excess pay, the Japanese automaker finds itself in familiar territory, facing questions over its corporate governance and an uncertain future. In the months since Ghosn -- the auto titan who ruled over Nissan for two ...