Carlos Ghosn is the ex-president and CEO of Renault and Nissan. He was voted the highest paid executive in Japan. Ghosn rose to prominence after bringing the companies he managed out of deep crisis.
Who is Carlos Ghosn
Carlos Ghosn was born on March 5, 1964. He is a Lebanese Christian by birth. Carlos graduated in 1974 from the Faculty of Chemistry at the Ecole Polytechnique in Paris, and in 1978 from the Higher School of Mines. Interestingly, one of the most successful managers has no financial education.
In 1978 he joined Michelin. At that time, the concern was in a deep crisis. For several years of work, Carlos managed to do almost impossible: the company again began to bring profit to its owners.
In 1996, the successful manager joined Renault as Executive Vice President. During this time, Carlos managed to turn a loss-making company into a prosperous one. Ghosn proposed a reorganization plan, which at first was received with hostility by everyone, but then agreed to try to implement it. Several factories in Belgium were closed and thousands of workers were laid off, sparking massive protests. Carlos became known as the "cost killer". But time has shown that the chosen strategy is correct.
In 1999, Carlos Ghosn joined Nissan as Director of Operations. According to the already developed scheme, the manager brought the concern out of the crisis. By 2001, he became the CEO of the company.
Carlos has worked with other car factories around the world. In June 2012, he was invited to the post of deputy chairman of the board of directors of AvtoVAZ.
Interesting facts about Carlos Ghosn
In 2011, Carlos Ghosn was voted the most popular person in Japan. According to research, more than half of Japanese women considered him the ideal of a modern man. An animated film was made based on his life.
Carlos has his own management style and believes that the most important qualities for a manager are speed and determination. According to Ghosn, Renault and Nissan found themselves in a financial crisis not only because of inappropriate distribution of costs, but also because "too much time was spent talking about everything and about nothing."
In 2017, Carlos got married. The wedding was celebrated on a grand scale at Versailles. This event has become one of the most expensive over the past decade.
The arrest of Carlos Ghosn
After a change of leadership at Renault and Nissan, global audits began. The new director revealed violations in the activities of the top manager. It turned out that Carlos Ghosn and some other high-ranking executives used company assets for personal gain. In addition, Carlos considered himself a man of peace and did business in many countries, making large profits, but not declaring income. This is a major violation under Japanese law.
While the proceedings were going on, Carlos himself appeared in the prosecutor's office and was arrested. The new management of Renault and Nissan proposed to remove the former director and his henchmen from all positions. In January 2019, Carlos Ghosn wrote a letter of resignation. This was the end of the era of the most successful Japanese manager, who saved the automobile concern from collapse and brought shareholders billions of dollars in profits.
Ghosn's arrest and resignation negatively affected the work of the companies he previously managed. Nissan shares fell 6.5% at the Tokyo market open. Analysts have not yet undertaken to predict the future of the company and the consequences of the loud resignation of an effective manager from his post.
