Nissan CFO Stephen Ma has stepped down, Bloomberg News reports via Reuters

(Reuters) – Nissan Motor CFO Stephen Ma is set to step down, Bloomberg News reported on Saturday, citing people familiar with the matter.

It is not clear whether Ma will leave the car company or whether he will be demoted, the report said.

Nissan (OTC:) could not be reached for comment outside business hours.

Ma became Nissan’s chief financial officer in 2019, succeeding Hiroshi Karube, who a few weeks ago named the head of its China business, Makoto Uchida, as its next chief executive.

The Japanese automaker earlier this month issued a profit warning and announced plans to cut 9,000 jobs globally, hit by weak sales in the United States and China, its two biggest markets.

Nissan’s global vehicle sales fell 3.8% to 1.59 million in the first half of the fiscal year, largely due to a 14.3% decline in China.