Monday, May 5, 2008

Ghosn May Leave Top Job at Either Renault or Nissan, WSJ Says

Ghosn May Leave Top Job at Either Renault or Nissan, WSJ Says

By Alan Purkiss

May 5 (Bloomberg) -- Carlos Ghosn, the chief executive officer of both France's Renault SA and Nissan Motor Co. of Japan, indicated that he may in due course give up one of the two posts, the Wall Street Journal reported.

Ghosn, 54, who has performed both roles for the past three years, told reporters that the arrangement is unlikely to continue indefinitely, because finding a successor for one company will be hard and finding a successor for two would be ``very, very difficult,'' the newspaper said.

He didn't say which of the two he would be inclined to give up, the Journal said.

Renault owns 44 percent of Nissan, which has a 15 percent interest in the French company.

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