Nissan CEO Hiroto Saikawa Plans To Keep His Seat For Longer Than Suggested

Hiroto Saikawa, Nissan’s Chief Executive Officer, reportedly intends to keep his position in the company despite saying in January that he would step downshortly .

According to Bloomberg, though, which cites people familiar with the matter, Saikawa said during an internal meeting that he plans to stay at least three more years as a CEO in order to help Nissan recover from the Ghosn scandal.

The same sources claim he detailed his plan about the length of his tenure to senior executives soon after the January 24 press conference, where he indicated that he would give up his position “as soon as possible”.

Saikawa, who publicly accused Ghosn of financial misconduct, was appointed Nissan CEO in 2017 by Ghosn. Tensions between the two emerged after an inspection scandal forced Nissan to shut down Japanese production for two weeks and recall one million vehicles. Ghosn then criticized Saikawa for moving too slowly to address the company’s problem.

Despite of Saikawa’s plans, there’s no guarantee that he will stay at Nissan’s top spot if the company takes a serious hit from the Ghosn scandal. However, if he manages to cement his position in the company, he could make things harder for Renault, who is said to want to push for deeper ties with its Japanese partner.

If Saikawa indeed wants to stay for three more years, that means that his tenure will be extended until 2022 and coincide with Nissan’s “MOVE to 2022” strategy plan. According to “MOVE to 2022”, Nissan want to boost revenue to 16.5 trillion yen ($148.6 billion) and its operating margin to 8 percent.

  • charlotteharry57

    He’s the one behind Nissan’s recent sales declines. Because he’s determined to stop the excessive cash offers on Nissans. The only problem is that now that Nissans are priced in line with Toyotas and Hondas, and generally, have no where near the quality or driving characteristics of those two, big cash deals are crucial in moving Nissans out the door. It’ll be interesting to see how long he holds out.

  • Andrew Ngo

    So, this is one of them who destroyed Ghosn’s life. Whether Ghosn is guilty or not, he should not be treated like that. If Ghoson is guilty, Saikawa should go to jail too.

    • Mr. EP9

      Unfortunately, that’s common in Japan. People are routinely detained for months before trial and Ghosn’s lawyer is just one of many critics of the Japanese justice system.

  • Alduin

    FIX YOUR COMPANY!

  • charlotteharry57

    Today the big news is that Nissan wants to end its partnerships with BOTH Mitsubishi and Renault. I can understand this. Don’t really care about Renault, but this is terrible news for Mitsubishi. Not that Nissan had really done anything visible for Mitsu…

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