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4-Traders Homepage  >  Equities  >  Tokyo  >  MITSUBISHI MOTORS CORPORATION    7211   JP3899800001

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Nissan Motor : appoints new CEO as Ghosn shifts focus to alliance growth

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02/25/2017 | 03:17pm CET

Nissan has announced this week that Hiroto Saikawa, the companys co-CEO and representative director, will assume the role of CEO from April 1.

Carlos Ghosn, current CEO of the Renault-Nissan-Mitsubishi Alliance, has decided to step down from the lead role at Nissan to focus his attention on the expansion and stewardship of the Alliance. He will continue to serve as Nissans Chairman of the Board of Directors.

I am confident that the management team I have developed at Nissan over the past 18 years has the talent and experience to meet the companys operational and strategic goals, said Ghosn.

Having recently taken on new responsibilities at Mitsubishi Motors, and taking into consideration the upcoming Nissan general shareholders meeting, I have decided that the time is right for Hiroto Saikawa to succeed me as Nissans CEO.

As Nissans Chairman, I will continue to supervise and guide the company, both independently and within the Renault-Nissan-Mitsubishi Alliance, he added.

Saikawa first joined Nissan in 1977, and has served in numerous managerial positions since 1999 including chairman of the management committees of the Americas and Europe, along with executive vice president of purchasing while also being the current chairman of the Japan Automobile Manufacturers Association (JAMA).

I would like to thank Mr. Ghosn and the Nissan board for entrusting me with this new responsibility, said Saikawa.

Under Mr. Ghosns chairmanship and with the support of the excellent leadership team that has been built at Nissan, my focus will be delivering our companys continued performance and development and on continuing Nissans contribution to the success of the Alliance.

(c) 2017 Palestine News & Information Agency (WAFA). All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( JPY)
Sales 2017 1 876 520 M
EBIT 2017 -
Net income 2017 -201 080 M
Finance 2017 395 826 M
Yield 2017 1,33%
P/E ratio 2017 -
P/E ratio 2018 15,23
EV / Sales 2017 0,36x
EV / Sales 2018 0,34x
Capitalization 1 071 513 M
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Mean consensus HOLD
Number of Analysts 12
Average target price 692  JPY
Spread / Average Target -3,8%
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NameTitle
Osamu Masuko President, CEO & Representative Director
Carlos Ghosn Bichara Chairman
Trevor Mann Chief Operating Officer
Masao Kuruma Chief Information Officer
Harumi Sakamoto Non-Executive Director
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