Carlos Ghosn... CEO of Nissan is a Lebanese

thexonic
By thexonic

Carlos Ghosn, KBE (Arabic: كارلوس غصن; born March 9, 1954) is a French businessman. He is the current CEO and President of Renault of France and Nissan of Japan. He is largely credited with turning around Nissan. As an outsider in charge of one of Japan's largest companies, Ghosn has been extremely successful. He was voted Man of the Year 2003 by Fortune magazine's Asian edition and is also on the board of Alcoa, Sony, and IBM. Ghosn became CEO of Renault, in 2005, succeeding Louis Schweitzer, while remaining CEO of Nissan as well.

Personal Life

Ghosn was born in Porto Velho, Brazil on March 9, 1954 to Lebanese parents. At age 6, he moved to Beirut, Lebanon, with his mother. He completed his secondary school studies there, in a Jesuit school (Collège Notre-Dame de Jamhour).[citation needed] He graduated with engineering degrees from the École Polytechnique in 1978 (1974) with last year's specialisation at the École des Mines de Paris. He is a French and Lebanese citizen.[1]

Career

Ghosn (pronounced Ghoson) joined Nissan as its chief operating officer in June 1999, became its president in June 2000 and was named chief executive officer in June 2001. His turnaround of Nissan has gained him celebrity status in Japan, where he has published books and even has a manga character based on him. When he joined the company, it had debt of $20 billion and only three of its 48 models were generating a profit. Worse, Ghosn was viewed as an outsider by the media and parts of Nissan. To counteract this view, Ghosn promised to resign if the company did not reach profitability by the end of the year.[2] Ghosn claimed that Nissan would have no net debt by 2005. One year after he arrived, Nissan's net profit climbed to $2.7 billion from a loss of $6.1 billion in the previous year. Nissan's operating profit (EBIT, or earnings before interest and taxes) margin has increased from 1.38% in FY 2000 to 9.25% in FY 2006.

Prior to joining Nissan, Ghosn had served as executive vice president of the Renault Group, a position he had held since December 1996. In addition to supervising Renault activities in the Mercosur, he was responsible for advanced research, car engineering and development, car manufacturing, powertrain operations and purchasing. He became president of Renault in April 2005.

Before he joined Renault, Ghosn had worked with Michelin for 18 years. As chairman and CEO of Michelin North America, Ghosn presided over the restructuring of the company after its acquisition of the Uniroyal Goodrich Tire Company in 1990. Previously, Ghosn had worked as the COO of Michelin's South American activities based in Brazil; as head of research and development for industrial tires in Ladoux, France; and as plant manager in Le Puy, France.

Kirk Kerkorian recently urged General Motors Corporation to consider a partnership with Nissan and Renault. Carlos Ghosn expressed interest in Renault acquiring up to a 20% stake in General Motors Corporation at a dinner with Kirk Kerkorian that took place around June 20th, 2006. Kerkorian had hoped to attract Ghosn to General Motors as CEO, forcing out current GM CEO Rick Wagoner, as Kerkorian believed Ghosn's approach to the auto business and success in turning around both Renault and Nissan make him best-suited to run General Motors.

Talks with GM broke off without any alliance or commitment from either side; Kerkorian has since sold off all shares in GM.

Not so well known, is that Carlos Ghosn was also in the auditing committee of Mirant's board, a firm that went bankrupt in 2003 after severe liquidity and accounting problems. Mirant was Arthur Andersen's second largest client in the power industry, right after Enron.

COVID-19 Banner
Log in or register to post comments

More from Qatar Living

Doha ranked second safest city in the world

Doha ranked second safest city in the world

The State of Qatar has again retained its global distinction in safety as Doha, the capital of Qatar, has been declared as the second safest city in the world.
Qatar 2022 venues ready to host the world’s top clubs

Qatar 2022 venues ready to host the world’s top clubs

With less than two years to go before the FIFA World Cup Qatar 2022 takes place, two tournament venues will be given a global showcase when Ahmad Bin Ali and Education City stage the FIFA Club World Cup Qatar 2020.
Qatar's largest bookstore opens its doors to the public

Qatar's largest bookstore opens its doors to the public

ALIF has officially opened its doors to the public as the biggest bookstore in Qatar, featuring a large collection of books, a wide range of international lifestyle products, and a selection of technology and entertainment goods.
St. Regis Doha launches a new outdoor private dining experience

St. Regis Doha launches a new outdoor private dining experience

The newly launched St. Regis private beach gazebos, located at the hotel’s pristine beach, offer a unique dining experience.
WATCH: All you need to know about FIFA Club World Cup 2020 in Qatar

WATCH: All you need to know about FIFA Club World Cup 2020 in Qatar

Qatar will host the FIFA Club World Cup 2020 from February 4 to 11, 2021.
WATCH: QNB Stars League - Week 15 highlights

WATCH: QNB Stars League - Week 15 highlights

Al Sadd extended their lead on top from 11 to 13 points over second-placed reigning champions Al Duhail after they beat Al Khor 7-0 at the end of the 2020-21 season QNB Stars League’s Week 15 action, held on Tuesday and Wednesday (January 19 and 20, 2021).
WATCH: QL Exclusive: An interview with Qatari entrepreneur Saad Al-Sulaiti

WATCH: QL Exclusive: An interview with Qatari entrepreneur Saad Al-Sulaiti

Qatar Living speaks to the Qatari entrepreneur, Saad Al-Sulaiti, to learn more about his personal experience in building three businesses in Qatar.
WATCH:First edition of Al Khor Carnival Festival kicked off on January 23

WATCH:First edition of Al Khor Carnival Festival kicked off on January 23

Carnival lovers can rejoice as the first edition of the Al Khor Carnival Festival approaches this year at Al Bayt Stadium Park.