Carlos Ghosn | Gulf Business

Carlos Ghosn

After expanding his already extensive role as chairman and CEO of the Renault-Nissan alliance in 2016 by taking on the responsibilities of chairman of struggling Japanese carmaker Mitsubishi, 2017 was a year for Ghosn to prove his $2.3bn stake acquisition would pay off. A rally in Mitsubishi’s share price last year, increasing the value of…

After expanding his already extensive role as chairman and CEO of the Renault-Nissan alliance in 2016 by taking on the responsibilities of chairman of struggling Japanese carmaker Mitsubishi, 2017 was a year for Ghosn to prove his $2.3bn stake acquisition would pay off. A rally in Mitsubishi’s share price last year, increasing the value of Renault-Nissan’s stake substantially, suggested the Brazilian-Lebanese-French businessman’s turnaround powers were still very much in working order, despite some turbulence towards the end of 2017. Although whether he will be able to repeat his feat in 1990s to turnaround ailing Japanese carmaker Nissan and take it from a $6bn loss to a $2.7bn profit in just one year remains to be seen. In the mean time there are indications he is relinquishing some responsibilities. In February, he stepped down as CEO of Nissan and reports in the French media suggest he may be about to do the same at Renault. In the meantime, Ghosn has announced a new $1bn corporate venture fund designed to invest in mobility start-ups and committed to the future with an alliance plan to launch 12 all-electric models over the next six years.

Chairman, Renault,Nissan and Mitsubishi

Origin:Lebanon

Residence:Brazil

Sector:Industry

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