Carlos Ghosn, who leads the Nissan-Renault-Mitsubishi alliance, is handing over the helm at Nissan to Hiroto Saikawa, a veteran Japanese executive at Nissan, but Ghosn is staying on as chairman.
Saikawa will become chief executive at Nissan Motor Co., based in Yokohama, effective April 1, and up for shareholders' approval in June, the company said Thursday.
The move does not signal a smaller role for Ghosn. Besides leading the Nissan-Renault alliance, Ghosn is also chairman at scandal-ridden Japanese automaker Mitsubishi Motors Corp., in which Nissan took a controlling stake last year. And Ghosn said he needs to focus on the expanded three-automaker alliance.