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Carlos Ghosn


Carlos Ghosn
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Wikipedia: Carlos Ghosn

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Born: 9 March 1954

An auto industry executive who has served, over the course of his career, as CEO of Michelin North America, chairman and CEO of Renault, chairman of AvtoVAZ, chairman and CEO of Nissan, and chairman of Mitsubishi Motors. His highest position was Chairman and CEO of the Renault–Nissan–Mitsubishi Alliance, but was widely known as the CEO of Nissan.

Biography

The following section is an excerpt from Wikipedia's Carlos Ghosn page on 21 September 2019, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.

Carlos Ghosn, KBE is a Brazilian-born French businessman of Lebanese ancestry. Ghosn formerly served as the CEO of Michelin North America, chairman and CEO of Renault, chairman of AvtoVAZ, chairman and CEO of Nissan, and chairman of Mitsubishi Motors.[3][4][5] Ghosn was also chairman and CEO of the Renault–Nissan–Mitsubishi Alliance, a strategic partnership between those automotive manufacturers through a complex cross-shareholding agreement. The venture has held an approximately 10% market share since 2010, and as of 2017 was reckoned to be the largest automobile group worldwide.

In 1996, Renault's CEO Louis Schweitzer hired Ghosn as his deputy and charged him with the task of turning the company around from near bankruptcy. Ghosn elaborated a plan to cut costs for the period 1998–2000, reducing the workforce, revising production processes, standardising vehicle parts and pushing the launch of new models. The company also undertook organisational changes, introducing a lean production system with delegate responsibilities inspired by Japanese systems (the "Renault Production Way"), reforming work methods and centralising research and development at its Technocentre to reduce vehicle conception costs while accelerating such conception.[11] Ghosn became known as "Le Cost Killer".[12] In the early 2000s, for orchestrating one of the auto industry's most aggressive downsizing campaigns and spearheading the turnaround of Nissan from its near bankruptcy in 1999, he earned the nickname "Mr. Fix It".

Following the Nissan financial turnaround, in 2002 Fortune awarded him Asia Businessman of the Year. In 2003 Fortune identified him as one of the 10 most powerful people in business outside the U.S.,[16] and its Asian edition voted him Man of the Year.[17] Surveys jointly published by the Financial Times and PricewaterhouseCoopers named him the fourth most respected business leader in 2003, and the third most respected business leader in 2004 and in 2005. He quickly achieved celebrity status in Japan and in the business world, and his life has been chronicled in Japanese comics.

Ghosn stepped down as CEO of Nissan on 1 April 2017, while remaining chairman of the company. He was arrested at Haneda Airport on 19 November 2018, on allegations of under-reporting his earnings and misuse of company assets.[26][27] On 22 November 2018, Nissan's board made an unanimous decision to dismiss Ghosn as Nissan's chairman. It was followed by Mitsubishi Motors' board on 26 November 2018. Renault and the French government continued to support him, presuming him innocent until proven guilty. However, Ghosn retired as chairman and CEO of Renault on 24 January 2019. While out on bail, Ghosn was re-arrested in Tokyo on 4 April 2019 over new charges of misappropriations of Nissan funds. On 8 April 2019 Nissan shareholders voted to oust Ghosn from the company's board. He was released on bail on 25 April.


Article Index

DateArticleAuthor/Source
19 November 2018Carlos Ghosn : Nissan confirme la dissimulation des revenus au fisc et va proposer son départ Wikinews
19 November 2018Nissan Chairman Faces Arrest in JapanVOA News
20 November 2018Nissan Says Chairman Arrested for Financial Misconduct in JapanVOA News
22 November 2018Nissan Board Fires Jailed Chairman GhosnVOA News
10 December 2018Nissan Motor and its Former Chairman IndictedVOA News
14 February 2019Carlos Ghosn : le conseil d'administration de Renault refuse de payer ses indemnités de départ Wikinews
5 March 2019Japanese Court OKs Release of Former Nissan Chairman on BailVOA News
6 March 2019Nissan Chairman Ghosn Released From Prison On BailVOA News
8 April 2019Nissan Ousts Ghosn and Kelly; Renault's Senard New ChairmanVOA News
12 April 2019Japanese Court Extends Former Nissan CEO's DetentionVOA News
22 April 2019Nissan’s Former Chairman Indicted on New Breach of Trust ChargesVOA News
23 September 2019SEC Charges Nissan, Former CEO, and Former Director with Fraudulently Concealing from Investors More than $140 Million of Compensation and Retirement BenefitsSecurities and Exchange Commission





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