Photo: thetroothaboutcars.com
Carlos Ghosn is taking an increasingly large role at Nissan, as the current chairman and chief executive officer has announced while in Japan that he will get rid of the chief operating officer position, as Toshiyuki Shiga, now 60, will retire from the no.2 position.
Nissan is Japan’s second largest automaker, yet it lowered its profit outlook even though a weaker yen is helping exports. This caused Renault stock to drop last week in Paris trading, the same Renault which also lost its COO job, when Carlos Tavares said he had enough of sitting in Ghosn’s shadow.
Commenting on the move, the no.1 man at both companies said this is a sign of Nissan reaching maturity.
Responsible for Nissan’s reduced profit outlook are reduced demand from emerging markets and recalls. New positions created within the company to pick up the slack left by the COO loss reflects this a concern with costs. Nissan will also divide its current 3-market division of product strategy into a six-market one, putting a focus on China.
Commenting on the move, the no.1 man at both companies said this is a sign of Nissan reaching maturity.
Responsible for Nissan’s reduced profit outlook are reduced demand from emerging markets and recalls. New positions created within the company to pick up the slack left by the COO loss reflects this a concern with costs. Nissan will also divide its current 3-market division of product strategy into a six-market one, putting a focus on China.
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