Nissan said on Thursday that Mr. Ghosn<\/strong>, who is 62 and was born in Brazil, would remain chairman of Nissan\u2019s board. He will continue to lead the global automobile alliance created during his tenure at Nissan, which also includes Renault of France and, since last year, Mitsubishi Motors of Japan.<\/p>\n By pulling back from day-to-day control of Nissan, Mr. Ghosn ends years of speculation about the company\u2019s succession plans. Some analysts and investors had grown concerned that he was overstretched with his multiple roles.<\/p>\n Nissan said its new chief executive would be Hiroto Saikawa<\/strong>, a 40-year company veteran who had served as Nissan\u2019s \u201cchief competitive officer\u201d and had led its operations in North America. Mr. Saikawa<\/strong> was appointed co-chief executive with Mr. Ghosn last year, a move widely seen as the beginning of a change in leadership.<\/p>\n Mr. Saikawa also leads the Japan Automobile Manufacturers Association, the trade group representing Japanese carmakers.<\/p>\n \u201cI have decided that the time is right\u201d for Mr. Saikawa to take over as Nissan\u2019s C.E.O., Mr. Ghosn said in a statement.<\/p>\n \u201cAs Nissan\u2019s chairman,\u201d he said, \u201cI will continue to supervise and guide the company, both independently and within the Renault-Nissan-Mitsubishi Alliance.\u201d<\/p>\n “Mr. Saikawa\u2019s appointment takes effect on April 1”<\/p><\/blockquote>\n Nissan said.<\/p>\n Mr. Ghosn was dispatched to a struggling Nissan in 1999 by Renault, after the French carmaker bought a large stake in the Japanese company. The investment helped keep Nissan afloat and gave Renault, and by extension Mr. Ghosn, extensive power. In 2001, Mr. Ghosn was named Nissan\u2019s chief executive.<\/p>\n He used that power to make radical changes. Sweeping aside Japanese sensitivities about protecting employees and longstanding business networks, Mr. Ghosn closed five domestic factories, cut 21,000 jobs<\/strong> and halved the number of Nissan parts suppliers, cementing the nickname he acquired in France, Le Cost Killer.<\/p>\n His efforts earned him both fans and detractors, and set Nissan on a path to profitability. In the early 2000s, his life story was turned into a manga comic \u2014 perhaps the ultimate sign of celebrity status in Japan.<\/p>\n Mr. Ghosn added the chairmanship of Mitsubishi to his list of titles in December. In a maneuver that mirrored Renault\u2019s rescue of Nissan years earlier, Nissan agreed last year to extend a $2.2 billion lifeline to Mitsubishi, after Mitsubishi fell into financial trouble because of a scandal over falsified fuel-economy ratings.<\/p>\n Mr. Ghosn has been in sporadic conflict with the French government over issues including executive pay, jobs and voting rights for long-term investors. The French state owns just under 20 percent of Renault, a stake it increased from 15 percent in 2015 over Mr. Ghosn\u2019s objections.<\/p>\n Where some outright mergers in the auto industry have failed spectacularly \u2014 like Daimler\u2019s takeover of Chrysler, which fell apart a decade ago \u2014 Mr. Ghosn has championed a looser network of mutual shareholding and slowly deepening cooperation. The approach, he has said, gives the Renault-Nissan alliance more flexibility and has been crucial to its longevity.<\/p>\n Mr. Ghosn said in the statement on Thursday that giving up the chief executive position at the company would allow him to devote more time to directing the alliance as a whole.<\/p>\n \u201cI am committed to supporting the alliance as it evolves and expands, and will continue to serve each member of the alliance wherever and whenever necessary\u201d<\/p><\/blockquote>\n He said.<\/p>\n","protected":false},"excerpt":{"rendered":" Carlos Ghosn at the Tokyo Motor Show in 2015. He was dispatched to a struggling Nissan in 1999 by Renault, after the French carmaker bought a large stake in the Japanese company. CreditShuji Kajiyama\/Associated Press. TOKYO \u2014 Carlos Ghosn is stepping aside as the chief executive of Nissan Motor, more than 15 years after he […]<\/p>\n","protected":false},"author":3,"featured_media":237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[18],"tags":[],"news_type":[41],"class_list":["post-234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-18","news_type-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/comments?post=234"}],"version-history":[{"count":3,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/234\/revisions"}],"predecessor-version":[{"id":5551,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/234\/revisions\/5551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/media\/237"}],"wp:attachment":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/media?parent=234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/categories?post=234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/tags?post=234"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/news_type?post=234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Hiroto](\"https:\/\/arc-group.com\/wp-content\/uploads\/2024\/12\/nissan-web2.jpg\")