Carlos Ghosn says he isnt leaving Nissan

Written by Reuters | Tokyo | Updated: Jun 23 2012, 08:36am hrs
Nissan Motor CEO Carlos Ghosn said on Friday he was not thinking of stepping down anytime soon, but Japan's No.2 automaker had succession plans in place to select the next chief from within its ranks.

Nissan shares fell more than 2%on Friday following a Bloomberg report that Ghosn, 58, was considering stepping down before the company's next mid-term business plan starts in about five years.

Talking about stepping down in five years is frankly not a topic of particular actuality now, Ghosn, who has headed Nissan since 2001, told Reuters in an exclusive interview in Tokyo.

When you're CEO, you have to have two conditions: first, shareholders need to trust you and want you to head your company. The second is that you need to feel the motivation to do the job. So, as long as both are reunited, you continue to do the job. And today, they are reunited, he said.

Nissan's current six-year business plan runs until March 2017.

Ghosn noted that his mandate as member of Nissan's board was not up for renewal until June next year. He added he would be up for election for another 2-year term in 2015, at the end of which he would be 63. These kinds of things are usually discussed at shareholders' meetings where your mandate is being renewed ... so we still have time in front of us, he said. The Brazilian-born Frenchman, who has a triple role of heading Nissan, its French partner Renault and the Renault-Nissan alliance, repeated his long-held stance that he would prefer a Japanese national to lead Nissan when he does come to resign.