Gulf News

Fall from grace

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Brazilian-born, of Lebanese descent and a French citizen, Ghosn, 64, began his career at Michelin in France, moving on to Renault.

He joined Nissan in 1999 after Renault bought a controllin­g stake and became its CEO in 2001. Ghosn remained in that post until last year.

In June, Renault shareholde­rs approved Ghosn’s 7.4 million euro ($8.5 million) pay package for 2017. In addition to this, he received 9.2 million euros in his final year as Nissan chief executive.

Japanese media said Ghosn had reported around 10 billion yen worth of annual compensati­on as around 5 billion yen for several years.

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