New Delhi, Sept. 11 -- Nissan Motor Co. is looking for its third chief executive officer in as many years.

Following the resignation of Hiroto Saikawa after a scandal over pay, the Japanese automaker's board needs to find a leader who can guide the company through decade-low profits and job cuts as car sales slow globally. In addition to restoring confidence among the ranks, the new CEO will have to manage a complicated relationship with top shareholder Renault SA, its partner in a global carmaking alliance with Mitsubishi Motors Corp.

The board set itself a deadline of end-October-just about seven weeks-to find a replacement. The pool of about 10 candidates includes people from Nissan and Renault, as well as non-Japanese and women. The...