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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

Published Thu, Feb 23, 2017 · 09:50 PM

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.