Nissan chief executive Carlos Ghosn said on Thursday he will quit the post to focus on overhauling scandal-hit Mitsubishi Motors, but will stay on as chairman at the Japanese automaker he was credited with saving. Ghosn, 62, who also heads up French automaker Renault, will hand over the reins to Nissan veteran Hiroto Saikawa in April. Among a handful of foreign-born CEOs at Japanese firms, Ghosn earned the nickname Le Cost Killer for his aggressive restructuring at Renault and later the nearly-bankrupt Nissan in the late nineties.
He appointed Saikawa as his co-CEO last year in order to focus on Mitsubishi's turnaround. Ghosn took charge at troubled Mitsubishi after Nissan threw it a lifeline in May, buying a one-third stake for about $2.2 billion as it wrestled with a mileage-cheating scandal that hammered sales.
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