Nissan had a bit of room for improvement in the 1990s but it saw a full recovery after Carlos Ghosn took the wheel. The Nissan CEO is known for reviving the Japanese brand and nurturing it to become the automotive powerhouse that it is today. Now, an era is coming to an end as Ghosn announced he would be stepping down from his position just a few weeks ago.
The Japanese brand thrived under Ghosn’s control and quickly rose to prominence as one of the most well-known companies in the world. Ghosn’s career at Nissan began when he was the executive vice president of Renault. The French automaker took on $5.4 billion of Nissan’s debt in exchange for a hefty stake in the company in 1999. Ghosn took up the top spot at Nissan in 2001 and quickly turned the company around.
He revamped the entire range of vehicles with fresh styling and more features, and responded to customer feedback by making vehicles more appealing. Combined with cutting costs, Nissan came back from the brink of death and became a force to be reckoned with in the modern day.
Ghosn isn’t leaving Nissan completely though. He plans to remain chairman and continue to do what he believes is best for the automaker.
We here at Tom Naquin Nissan couldn’t be prouder of Ghosn’s accomplishments as CEO of Nissan!