The CEOs of Renault, Nissan and Mitsubishi will jointly lead their automaking alliance, splitting a role maintained by Carlos Ghosn for two decades as they forge a new path forward following his arrest this month.
The ouster of Carlos Ghosn gives CEO Hiroto Saikawa the green light to accelerate the undoing of his erstwhile mentor's work at Nissan. If it had seemed like the 65-year-old would be a transitional chief, he's now talking more like a transformational one, eager to get the company back on track in Japan and in the U.S.
Carlos Ghosn was fired this week from his board chairmanship at Nissan after his arrest amid accusations of financial misdoings, in a stunning reminder of how much we don't know about corporate executives.
Without Carlos Ghosn, it might look like the global alliance he built could fall apart. But with platforms, purchasing and plants shared, unwinding Ghosn's creation could do more damage than keeping it together.