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Nissan Motor Co.

Ghosn steps aside as Nissan CEO to focus on 3-automaker alliance

Ghosn steps aside as Nissan CEO to focus on 3-automaker alliance

Carlos Ghosn, who leads the Nissan-Renault-Mitsubishi alliance, is handing over the helm at Nissan Motor Co. to Hiroto Saikawa, a veteran Japanese executive at Nissan, but Ghosn is staying on as the automaker’s chairman.

Saikawa will become chief executive at Nissan — based in Yokohama, Japan — effective April 1, and up for shareholders' approval in June, the company said Thursday.

The move does not signal a smaller role for Ghosn. Besides leading the Nissan-Renault alliance, Ghosn is also chairman at scandal-ridden Japanese automaker Mitsubishi Motors Corp., in which Nissan took a controlling stake last year. And Ghosn said he needs to focus on the expanded three-automaker...

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