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Ghosn steps down as Nissan CEO, remains as Chairman

1K views 5 replies 4 participants last post by  SierraGS 
#1 ·
Ghosn steps down as Nissan CEO, hands reins to Saikawa as focus shifts
February 22, 2017
Hans Greimel
AutoNews.com

TOKYO -- Carlos Ghosn, the long-serving chief executive who rescued Nissan Motor Co. from bankruptcy, is stepping down as CEO, having nearly finished his latest business plan and driven the Renault-Nissan Alliance to new heights with the acquisition of Mitsubishi Motors Corp.

Ghosn, who joined Nissan in 1999 from France’s Renault SA and became Nissan’s CEO two years later, will retain his position as chairman of Japan’s second-biggest automaker, the company said in a statement Thursday in Tokyo. Hiroto Saikawa, who currently serves as co-CEO and is a year older than the 62-year-old Ghosn, will become sole chief executive.

The changes are effective April 1.

Ghosn will also retain his roles as chairman and CEO of Renault and of the Renault-Nissan alliance, spokesman Jonathan Adashek said.

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#2 ·
Makes a lot of sense in light of their recent stake in Mitsubishi and the need to revive their operations there. Ghosn is good, but he can't be everywhere at once. Nissan is the driving force behind the alliance and any recovery at Mitsu is going to be heavily reliant on creating synergies with Nissan. This was the right move to make.
 
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