Ghosn cedes Nissan CEO role after a 16-year stint
Called 'Le Cost Killer' from his career at Renault, he will focus on tie-up with the French carmaker and Mitsubishi
Tokyo
NISSAN Motor Co said Carlos Ghosn will step aside as chief executive officer after leading the firm for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with Renault SA and newly added Mitsubishi Motors Corp.
In handing over the helm to Hiroto Saikawa, a company veteran of 40 years, Mr Ghosn ends years of speculation over when he would relinquish the top job at Japan's No 2 carmaker amid investor concerns that he was stretching himself too thin.
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