Gupta joined Nissan's leadership team in late 2019, when Japan's No.3 automaker was looking to put an end to a period of turmoil triggered by the arrest and sacking of long-time leader Carlos Ghosn.
Allies of Gupta pressed the board in 2020 to promote him to the role of co-CEO, hoping he would drive the company's turnaround and improve its relationship with long-term alliance partner Renault SA, but the promotion did not materialise.
Nissan said on Friday Gupta would step down from the board of directors on June 27.
A company spokesperson said it was not immediately clear whether he will be staying on in his role as chief operating officer.
On Thursday, Nissan, forecast a better than expected 38% rise in profit this year on stronger sales.
Nissan and Renault agreed in January to remake their two-decade-old alliance, with Renault reducing its stake in Nissan to 15% from about 43% to put them on equal footing.
(Reporting by Elaine LiesEditing by David Dolan and Elaine Hardcastle)
