Carlos Ghosn deletes COO post, names 4 deputies for Nissan

Article by Anita Panait, on November 10, 2013

Carlos Ghosn, chief executive of Nissan Motor Co. and Renault SA, currently has one right hand at the Japanese carmaker -- chief operating officer Toshiyuki Shiga. But in the near future, Ghosn will have four right hands at Nissan, after announcing last week that he is eliminating the COO post.

The management overhaul will see Ghosn having four executive vice presidents at Nissan, a decision that came as the Japanese carmaker revised downward its profit outlook at a time when the weaker yen is boosting earnings of the country's exporters.

Ghosn remarked that getting rid of the COO post is an indication of the company's maturity, but the move may also mean the Nissan and Renault will increasingly depend on one man.

Yuuki Sakurai, CEO of Fukoku Capital Management Inc., told Automotive News that Ghosn may want to set up a "single straightforward chain of command" at Nissan instead of "having two captains."

He remarked that whether the move will be good or not for Nissan is hard to say, since Ghosn has changed many things at Nissan -- some of which have worked and some have not.

The management overhaul disclosed last week sees Shiga becoming vice chairman. However, he will stay on the board.  The COO post will be replaced by three new positions all reporting directly to Ghosn, according to Nissan. Nissan is also set to overhaul its operations to six regions from three now, breaking out markets like China.

The overhaul announcement came as Nissan tries to achieve an 8-percent operating profit margin target by the year ending March 2017. Nissan trimmed its full fiscal year profit outlook by 15 percent, no thanks to slowing demand in emerging and increasing recall costs. The carmaker also revised downward its forecasts for operating profit and revenue.

Topics: carlos ghosn, nissan

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The Shooting Brake is probably the least rendered body shape in the automotive world. But it’s also the most sought after design among car nuts for its unique, old-fashioned charm....
by - January 23, 2017
Perhaps to make the upcoming Valentine’s day more special, Tinder dating app and Ford UK have cooked up a special blind date for all the single blokes and chicks in...
by - January 23, 2017
2017 is undeniably a very busy year for BMW. After introducing the new 4-Series, the German automaker has just released several new updates. In relation to this, BMW is also...
by - January 23, 2017
The renowned Shelby Super Snake is now 50 years old! As we greet the Super Snake a “happy birthday” or a “happy anniversary,” Shelby itself is celebrating half a century...
by - January 23, 2017
Nearly a year after the Subaru XV Concept was unveiled at the 2016 Geneva Motor Show in Switzerland, this SUV study is making its North American debut at the 2017...
by - January 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries