Tokyo/New Delhi: Japan’s second largest automaker Nissan Motor Co on Thursday said its long-serving leader Carlos Ghosn will hand over the role of chief executive officer (CEO) to Hiroto Saikawa, a company veteran.

After leading the company for nearly two decades, Ghosn, the chairman and CEO of Nissan at present, will focus on the functioning of “recent expansion of the

Renault-Nissan Alliance to include Mitsubishi Motors”.

Saikawa, currently the co-CEO of Nissan, will assume the position of chief executive officer on 1 April 2017, the company said in a statement. “Ghosn will continue to serve as chairman of the board of directors, and he will seek a renewal of his mandate at the company’s general shareholders meeting in June 2017,” it added.

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