• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Renault-Nissan Chief Carlos Ghosn Is on the Hunt for a Successor

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
June 7, 2017, 10:43 AM ET
Video Poster

Renault-Nissan boss Carlos Ghosn is recruiting a new operational second-in-command for the carmaking alliance, company sources told Reuters, in a move designed to prepare his own succession and advance the companies’ integration.

Under the plan, the currently separate chief competitive officer (CCO) roles at Renault and Nissan would be fused into a single position at the 18-year-old alliance’s helm, the sources said.

Nissan Chief Performance Officer Jose Munoz and CCO Yasuhiro Yamauchi are seen internally as strong contenders, they said, along with Stefan Mueller, Munoz’s counterpart at Renault.

Ghosn, 63, aims to fill the new post later this year, backed by further steps to combine Renault and Nissan manufacturing, research and development and other key activities.

“He’s already preparing the next stage,” one of the people said. “The process is underway.”

A Renault-Nissan spokeswoman declined to comment.

Read: Nissan Is Placing a Big Bet on Connected Car Services

Brazilian-born Ghosn recently stepped back from his role as Nissan chief executive officer but remains CEO at Renault, where his contract ends in 2018. He still serves as chairman of both carmakers as well as Mitsubishi Motors, controlled by Nissan through a 34 percent stake.

Ghosn has repeatedly tussled with Renault’s biggest shareholder, the French state, over the future of the company and its 44 percent stake in Nissan.

For years, he sang the praises of a consensual, arm’s length approach to cooperation – often invoking the long list of failed auto deals to explain why a merger was a bad idea. Renault and Nissan are currently targeting 5.5 billion euros ($6.2 billion) in joint savings, or 3.8 percent of combined sales.

But the tone changed in February, when Ghosn suggested the carmakers would be ready for a full tie-up if only France sold its near-20 percent Renault holding.

Read: Carlos Ghosn To Step Down As Nissan Motor CEO

Nissan “will not accept any move on capital structure as long as the French state remains a shareholder,” Ghosn said as he presented Renault’s 2016 earnings. “The day the French state decides to get out, everything is open, and I can tell you it won’t take too much time.”

The new CCO hiring process began around the same time, the sources said, with senior executives at both companies vying for what is likely to be an internal appointment.

Nissan to Build New Model in UK After Government Pledges Brexit SupportSenior alliance appointments are beset by the same cultural and political sensitivities that have held back integration. Being neither French nor Japanese could be a diplomatic edge for Munoz or Mueller, respectively Spanish and German.

Renault CCO Thierry Bollore is considered a long shot, the sources added. Bollore, 54, has played a prominent role in publicly defending the company against diesel fraud allegations that remain under investigation by French prosecutors.

Read: Nissan to Build New Model in UK After Government Pledges Brexit Support

Nissan CEO Hiroto Saikawa will likely stay in the role he inherited in April, with Ghosn also remaining Renault CEO “for an initial period.” Ghosn, who has run Nissan since 1999 and its French parent since 2005, is expected to continue presiding over the alliance from one or more chairman roles.

The other changes will see Renault and Nissan departments folded into alliance teams that were created in 2014 across four key areas, the same people said: manufacturing and supply chain; research and development; purchasing; and human resources.

“We’ll see convergence efforts in the same fields,” said one. “But they are stepping up a notch.”

 

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Duke Energy trucks amassed in January at the Charlotte Motor Speedway to help restore power after Winter Storm Fern.
EnergyUtilities
Utility giant Duke Energy plans to spend industry record $103 billion on growth as data centers and affordability take center stage
By Jordan BlumApril 25, 2026
3 hours ago
Ron Schneidermann
SuccessCareers
This CEO lived on canned soup and took just two days off for his daughter’s birth. Now he admits he lost sight of proper work-life balance
By Preston ForeApril 25, 2026
3 hours ago
According to Warren Buffett’s math the stock market is officially in ‘playing with fire’ territory. So when is the next crash coming?
InvestingFinance
According to Warren Buffett’s math the stock market is officially in ‘playing with fire’ territory. So when is the next crash coming?
By Shawn TullyApril 25, 2026
3 hours ago
A replica of a Lockheed Martin missile
PoliticsDefense
‘A golden opportunity right now based on who’s in government.’ Trump’s bellicose presidency means defense firms are raking it in
By Tristan BoveApril 25, 2026
3 hours ago
Payday loan debt: How to get out and find alternatives
Personal Financemoney management
Payday loan debt: How to get out and find alternatives
By Joseph HostetlerApril 24, 2026
11 hours ago
A container ship in the canal
EnergyShipping
Even as businesses spend $4 million to cross Panama Canal, they say ‘it’s safer and less expensive’ than the Strait of Hormuz
By Alma Solis, Megan Janetsky and The Associated PressApril 24, 2026
13 hours ago

Most Popular

Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account
Success
Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account
By Emma BurleighApril 23, 2026
2 days ago
When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historian
Economy
When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historian
By Eleanor PringleApril 23, 2026
2 days ago
‘Don’t leave’: Jensen Huang challenges billionaire class as he insists ‘highest taxes in the world’ are OK with him
Big Tech
‘Don’t leave’: Jensen Huang challenges billionaire class as he insists ‘highest taxes in the world’ are OK with him
By Jacqueline MunisApril 23, 2026
2 days ago
This is a ‘come to Jesus moment’: Ford CEO says American carmakers are battling a perfect storm
C-Suite
This is a ‘come to Jesus moment’: Ford CEO says American carmakers are battling a perfect storm
By Marco Quiroz-GutierrezApril 24, 2026
15 hours ago
The longevity revolution is here. Our systems still think we die at 65
Commentary
The longevity revolution is here. Our systems still think we die at 65
By Ken DychtwaldApril 23, 2026
2 days ago
Teen boys are choosing AI girlfriends over real ones for 'maximum control, zero rejection'—experts say it could make them unemployable
Success
Teen boys are choosing AI girlfriends over real ones for 'maximum control, zero rejection'—experts say it could make them unemployable
By Orianna Rosa RoyleApril 17, 2026
8 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.