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Nissan's Ghosn says management will be 'completely accountable' after his term ends

Thursday, February 23, 2017 - 01:06

Nissan Motor Company's Carlos Ghosn says company management will be ''completely accountable'' after he steps down as chief executive. Rough Cut (no reporter narration)

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ROUGH CUT (NO REPORTER NARRATION) Nissan Motor Company's chief executive, Carlos Ghosn, said on Thursday (February 23) that the automaker's management team would be "completely accountable" for the company's operations after he steps down as chief executive, even as he stays on as chairman. 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. 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 number two automaker amid investor concerns that he was stretching himself too thin. "I have today in Nissan a team, which is very mature and that I trust, and I think, when I see how much I'm engaged at a different level, you know, Mitsubish, Renault, and Nissan, and the level of the alliance, I think it was the time to pass the baton to somebody who have been grooming for many years," Ghosn told Reuters in an interview. The change in leadership is aimed at making the best use of the greater scale that Mitsubishi brings to lower costs at a time when automakers are under pressure to expand and compete in new technologies such as self-driving cars.

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Nissan's Ghosn says management will be 'completely accountable' after his term ends

Thursday, February 23, 2017 - 01:06