Nissan last month said it was slashing 9,000 jobs, or about 6% of its global work force, and reducing global production capacity by 20% after reporting a quarterly loss of 9.3 billion yen (€58m). View

Embattled Japanese automaker Nissan has tapped Jeremie Papin, who was overseeing its U.S. operations, as its chief financial officer in a major management reshuffle billed as key to a turnaround. The move as announced in the United States on Thursday.

Contrary to earlier reports, Nissan's CFO has not left the business and will be moved to a role overseeing China.

The Japanese automaker’s CFO Stephen Ma has been appointed as the chairperson of the management committee for China.