Carlos Ghosn has stepped down as CEO of Nissan, giving up day-to-day running of the firm to concentrate on revitalising Mitsubishi, which he recently added to the Renault-Nissan Alliance with the purchase of a 34% stake in the firm.
Ghosn, 62, will remain chairman of Nissan, a position he also holds at Renault and Mitsubishi. He is also CEO of Renault and has pledged to stay in that role while a long-term plan is established for the firm.
Ghosn will be replaced as CEO at Nissan by Hiroto Saikawa, 63. Saikawa left Tokyo University in 1977 to join Nissan and has worked there ever since, running American and European operations as well as overseeing global purchasing, manufacturing, supply chain management, research and customer satisfaction as chief competitive officer. He has also been on Renault’s board for the past decade.
Ghosn said: “There’s a point in time where you have to be realistic about how many things you do and you can do well. This is the trigger. There’s a moment when you have to pass the baton to someone else. I’ve always said I would love to have a Japanese to be my successor and Saikawa-san is somebody I have been grooming for many years.”