Report: Nissan CEO Carlos Ghosn may leave before next business plan, gets pay raise in the meantime

Nissan’s CEO Carlos Ghosn has done some amazing things for the company in the past couple of years, which is way the company is now Japan’s second-largest automaker. However, it seems like Ghosn won’t be sticking around.

Ghosn, who is now 58, is considering stepping down before the company’s next mid-term business plan starts up in around 5-years. According to Bloomberg, who sat down with spokesman Koji Okuda, investors and analysts say that there is succession plan after Ghosn steps down.

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“Ghosn has said this is the last mid-term plan he’ll commit to, meaning he may not stay here for the next mid-term period,” Okuda said. “We need to prepare for his possible departure within a five-year period.”

Ghosn’s pay rose to 987 million yen ($12 million USD) last fiscal year Toyota’s Akio Toyoda’s pay remained flat and Honda’s CEO received a cut.

– By: Omar Rana

Source: Bloomberg