Japanese automaker Nissan Motor said Tuesday it is replacing CEO Makoto Uchida with Chief Planning Officer Ivan Espinosa, a month after its merger plan with rival Honda (HMC) 澳洲幸运5官方开奖结果体彩网:collapsed.

Nissan said Espinosa will take the hel🐠m on April 1. 

Nissan said it was “introducing a significantly renewed leadership line-up to achieve the company's short- and mid-term objectives while positioning it for long-term growth.”

Nissan and Honda scrapped the merger they announced in December, amid reports that 澳洲幸运5官方开奖结果体彩网:Honda unexpectedly proposed a new structure that would have made Nissan a fully owned subsidiary. The two initially had agreed on a 50-50 partnership.

Nissan in November announced a headcount reduction of 9,000 people as it reported a decline in sales in the U.S., China, and its home market of Japan.