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Renault-Nissan's Ghosn recommends two successors

January 10, 2014 at 07:07 am

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Renault-Nissan's Ghosn recommends two successors

PARIS (Reuters) - Renault-Nissan chief Carlos Ghosn wants to be succeeded by separate chief executives for the allied carmakers when he eventually steps down as head of both, he told Automotive News in an interview published on Friday.

Ghosn, who plans to renew his contract as Renault (>> RENAULT) CEO for a further three years at April's annual shareholder meeting, had previously indicated that the next boss of 43.4 percent-owned Nissan (>> Nissan Motor Co., Ltd.) should be Japanese.

The 59-year-old CEO, whose contract at Nissan was renewed for two years in 2013, is midway through a six-year recovery plan at Renault that includes sharing more parts and new vehicle architectures with its larger Japanese affiliate.

His eventual replacement will be up to the companies' boards, Ghosn was quoted as saying, adding that he would propose the appointment of separate CEOs.

"I would not recommend to anyone else that they do the job I've been doing," Ghosn said. "Being in charge of two companies and having to run between two countries is extremely taxing on people."

The published interview gave no indication whether Ghosn saw a future non-executive role for himself following the CEO succession.

(Reporting by Laurence Frost; Editing by Mark Potter)

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Carlos Ghosn

Carlos Ghosn, KBE (born March 9, 1954) is a French-Lebanese-Brazilian businessman born in Porto Velho, Brazil. He was the Chairman and CEO of Paris-based Renault (from 2005 to 2019), of Japan-based Nissan (from 2017 to 2018), Chairman of Russian automobile manufacturer AvtoVAZ and Chairman of Mitsubishi Motors. He was also Chairman and CEO of the Renault-Nissan-Mitsubishi Alliance. Now, Carlos Ghosn is an internationnally wanted fugitive who fled from Japan, were he was arrested in november 2018, to hide in Lebanon.

After his radical restructuring of Renault that returned that company to profitability in the late 1990s Ghosn became known as "Le Cost Killer". In the early 2000s, for orchestrating one of the auto industry's most aggressive downsizing campaigns and spearheading the turnaround of Nissan from its near bankruptcy in 1999, he earned the nickname "Mr. Fix It".

Following the Nissan financial turnaround, in 2002 Fortune awarded him Asia Businessman of the Year. In 2003 Fortune identified him as one of the 10 most powerful people in business outside the U.S., and its Asian edition voted him Man of the Year. and the third most respected business leader in 2004 and in 2005. He quickly achieved celebrity status in Japan and in the business world, and his life has been chronicled in a Japanese manga comic book. Ghosn has been asked to run at least two other automakers, General Motors and Ford. His decision to spend €4 billion (more than $5 billion) so Renault and Nissan could jointly develop an entire lineup of electric cars including the Nissan Leaf, billed as "the world's first affordable zero-emission car", is one of the four subjects of the 2011 documentary Revenge of the Electric Car.

Early life and education

Ghosn's grandfather Bichara Ghosn emigrated from Lebanon to Brazil at the age of 13, eventually settling in remote Guaporé, Rondônia, near the border between Brazil and Bolivia. Bichara Ghosn was an entrepreneur and eventually headed several companies, in fields including the rubber trade, the sale and purchase of agricultural products, and aviation. His son Jorge Ghosn married a Nigerian-born woman whose family also came from Lebanon, and they settled in the Rondônia capital of Porto Velho.

Carlos Ghosn was born on March 9, 1954 in Porto Velho. When he was about two years old he became sick after drinking unsanitary water, and his mother moved with him to Rio de Janeiro. He graduated with university engineering degrees from the École Polytechnique in 1974 and the École des Mines de Paris in 1978.

Career

Source @ Wikipedia

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Renault-Nissan BV Renault-Nissan BV Investment ManagersFinance Renault-Nissan BV manufactures and supplies automobiles. It supports the promotion of the technology and commercialization of vehicles. The company was founded in 2002 and is located in Amsterdam, the Netherland	Chairman
Alliance Rostec Auto BV Alliance Rostec Auto BV Motor VehiclesConsumer Durables Alliance Rostec Auto BV operates as a financial holding company with interests in the manufacture and sale of automotives. The company was founded in December, 2012 and is headquartered in Amsterdam, the Netherlands.	Chief Executive Officer