President, CEO, Nissan Motor
Carlos Ghosn knows how to make money in a stagnant market.
Nissan more than doubled its operating profit in Europe to E359.3 million during the fiscal year ended March 31.
Nissan also increased its sales 12.7 percent to 398,435 units in the region last year thanks to high demand for two models it builds in Europe, the Micra small car and Terrano SUV.
The sales increases helped strengthen Nissan's position as Europe's No. 2 selling Asian brand behind Toyota.
Since Ghosn moved to Japan to lead Nissan in 1999, his Nissan Revival Plan and Nissan 180 strategy have surprised the industry -- particularly those who believed a marriage between Renault and Nissan could not work.
He defies Japanese business etiquette and shakes hands with every employee he meets, not just top managers.
He quickly won respect in Japan despite cutting thousands of Nissan jobs, shutting five plants and auctioning off prized assets such as Nissan's aerospace unit.
These moves put Nissan back in the black.
He is set to take over for Louis Schweitzer as Renault's chief executive next April, returning to Paris after spending six years masterminding one of the most spectacular turnarounds in industry history.