Carlos Ghosn, one of the -known leaders in the automotive , has announced that he will step down as Nissan Motor's and CEO, effective April 1. The successful Mr Ghosn will remain with the company as chairman to oversee a group of carmakers that, in addition to Nissan, includes France's Renault and Japan's Mitsubishi Motors. Ghosn told : "I'm stepping down as the CEO because it's the right and I have the right team. I think after 16 years as CEO and 18 years taking of Nissan, I can say today that what I can bring to Nissan, I have brought." He added: "Nissan is , financially healthy, with a clear strategy."
Carlos Ghosn joined Nissan as Chief Operating Officer (COO) in 1999, after Renault purchased a in the Japanese . He became president in 2000 and was named CEO the following . He is credited with turning around Nissan by producing new cars and models and cutting . His cost-cutting strategies earned him the nickname "The Cost Killer". Following the of Nissan, Fortune magazine awarded him Asia Businessman of the Year in 2002. A year later, the named him as one of the 10 most people in business outside the USA. He became a in Japan, where his life story has been depicted in a comic book.