TOKYO: Nissan Motor Co said Carlos Ghosn will step aside as CEO 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, Ghosn ends years of speculation over when he would relinquish the top job at Japan’s No 2 automaker amid investor concerns that he was stretching himself too thin.
Ghosn, 62, will continue to be chairman at Nissan, a position he also holds at Renault and Mitsubishi.
— Reuters
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