TOKYO - A manager steeped in non-Japanese accounting will gain unprecedented power as a result of Nissan Motor Co.'s financial reform plan.
Tadahiro Shirai, an executive vice president who spent 1993-97 as president of Nissan Europe N.V., was named CFO by Nissan President Yoshikazu Hanawa.
Hanawa made strengthening the CFO's role a key point of his plan. 'For those projects that don't meet our profit targets, the CFO will say no, and those projects will never go forward,' he said. He admitted that marketing or engineering departments sometimes had pushed through pet projects despite warnings from the finance staff.
Shirai, 62, spent most of his career in the overseas finance and accounting department. Most recently, he has been in charge of the purchasing group, as well as the finance, budget and accounting, and audit departments.