Nissan boss to head Mitsubishi
NISSAN boss Carlos Ghosn is set to become chair of Mitsubishi Motors, several months after throwing a lifeline to the scandal-hit company.
The appointment will make Mr Ghosn the head of three major automakers, including France’s Renault which holds a major stake in Nissan.
Mitsubishi’s chair Osamu Masuko will stay on as president, the company said, adding that the changes are to take effect in December.
Nissan came to Mitsubishi’s aid in May when it announced plans to buy a one-third stake in the crisis-hit automaker for 237.3 billion yen (US$2.3 billion), as the smaller rival wrestled with a mileage-cheating scandal.
Mr Ghosn – credited with turning around a nearly bankrupt Nissan – said he would stay out of day-to-day management at Mitsubishi.
However, he appointed Hiroto Saikawa, Nissan’s chief competitive officer, as his co-CEO at the company so he could focus on Mitsubishi’s turnaround. Despite his reputation as a tough manager, Mr Ghosn would likely be a “figurehead” at Mitsubishi with the tough reforms left to Mr Masuko, said Hans Greimel, Asia editor for the Automotive News. – AFP