TMTPOST - Struggling Japanese automaker Nissan has appointed Jeremie Papin, who was previously in charge of its U.S. operations, as its new chief financial officer in a significant management reshuffle aimed at reviving the company. The announcement was made on Thursday in the United States. Papin, who served as chairman of Nissan’s Americas Management Committee, will succeed Stephen Ma, who is set to take over Nissan Motor Corp.’s China operations. Ma's replacement had been anticipated due to Nissan's ongoing challenges in the crucial U.S. market, which has recently been dominated by competitors like Tesla, Toyota, and Ford. Nissan's troubles deepened last month when it revealed plans to cut 9,000 jobs, about 6% of its global workforce, and reduce its global production capacity by 20%. This decision followed the company’s report of a quarterly loss of 9.3 billion yen ($61 million), a stark contrast to the 190.7 billion yen profit reported during the same period the previous year. Quarterly sales also fell to 2.9 trillion yen ($19 billion) from 3.1 trillion yen. In response to the results, Chief Executive Makoto Uchida took a 50% pay cut, acknowledging the need for Nissan to become more efficient and better adapt to market trends, rising costs, and other global changes.