Nissan's Carlos Ghosn Steps Down; Hiroto Saikawa Named New CEO

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The Nissan logo is seen at the company's display area during the North American International Auto Show in Detroit, Michigan, U.S., January 10, 2017. REUTERS/Mark Blinch (Reuters)

(Reuters) - Nissan Motor Co Ltd said on Wednesday it has appointed the company's co-chief executive officer, Hiroto Saikawa, as Nissan's chief executive, effective April 1.

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Carlos Ghosn, chairman of the board and CEO, will continue to serve as chairman, the company said in a statement. (http://bit.ly/2mdIn09)

Ghosn will seek a renewal of his mandate at the company’s general shareholders meeting in June, the company said. (Reporting by Subrat Patnaik in Bengaluru; Editing by James Dalgleish)