Carlos Ghosn Steps Down as Nissan CEO

Ghosn appoints Hiroto Saikawa as Nissan CEO

Outgoing Nissan Motor Company Ltd. Chief Executive Officer Carlos Ghosn has recommended Hiroto Saikawa to the Nissan Board of Directors to assume his position effective April 1, 2017.

Ghosn, however, continues to serve as the Chairman of the Board of Directors and will seek a renewal of his mandate in June 2017.

“I am confident that the management team I have developed at Nissan over the past 18 years has the talent and experience to meet the company’s operational and strategic goals. Having recently taken on new responsibilities at Mitsubishi Motors, and taking into consideration the upcoming Nissan general shareholders meeting, I have decided that the time is right for Hiroto Saikawa to succeed me as Nissan’s CEO,” said Carlos Ghosn.

Nissan’s evolution management follows Ghosn’s planned expansion of the Renault-Nissan partnership to include Mitsubishi Motors, which positions the Alliance among the top automotive groups in terms of scale.

As chairman of the three Alliance companies and CEO of the Renault Group, Ghosn wants to give his full attention on the expansion and stewardship of the Alliance, while assuring that the opportunities available to Alliance members are fully harnessed.

Hiroto Saikawa

“As Nissan’s Chairman, I will continue to supervise and guide the company, both independently and within the Renault-Nissan-Mitsubishi Alliance. This planned change will also allow me to devote more time and energy to managing the strategic and operational evolution and expansion of the Alliance and ensuring that all its members benefit from the competitive advantages that its scale will deliver. I 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,” he added.

Saikawa serves as the current co-CEO and representative director of Nissan. From April 2013 to October 2016, he was Nissan’s chief competitive officer. In 1977, Saikawa joined Nissan, and since then, he served in various senior management positions. He used to be the chairman of the management committees of the Americas and Europe; and the executive vice president of Purchasing. He is also the incumbent chairman of the Japan Automobile Manufacturers Association (JAMA); and served as a member of the board of directors for Renault from 2006 up to 2016.

“I would like to thank Mr. Ghosn and the Nissan board for entrusting me with this new responsibility. Under Mr. Ghosn’s chairmanship and with the support of the excellent leadership team that has been built at Nissan, my focus will be delivering our company’s continued performance and development and on continuing Nissan’s contribution to the success of the Alliance,” Saikawa said.