In a sign of further management shake-up at Nissan, the company has appointed American Stephen Ma as its next chief financial officer and said Hitoshi Kawaguchi and other veteran executives were stepping down.

Executive Officer and current CFO Hiroshi Karube will leave the company.

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The announcement comes just weeks after the Japanese company named the head of its China business, Makoto Uchida, as its next chief executive.

Ma, 49, will become one of the highest ranking non-Japanese at the company.

"We are trying to achieve a generational change in Nissan management," a source at Nissan told Reuters.

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Reuters reported that Kawaguchi had been seen as backing acting chief executive Yasuhiro Yamauchi for the top job that later went to Uchida.

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The company is facing up to change after the departure of ex-chairman Carlos Ghosn under financial misconduct allegations and the loss of CEO Hiroto Saikawa, who resigned in September after admitting to financial "misappropriation".

Nissan has particular problems in turning around its losses and recovering share and margin in North America as well as needing to re-set its Alliance with partner Renault.