Nissan CEO Carlos Ghosn Promises Growth image

Today, June 26th, Nissan CEO Carlos Ghosn promised shareholders strong auto sales for this year, as the company revived from the natural disasters and the Chinese territorial dispute.

For the past fiscal year Ghosn was paid 988 million yen ($9.9 million), with 1 million yen ($10,000) more compared with the previous fiscal year, quite a small compensation for the auto industry globally, according to him.

Shareholders suggested Ghosn to get more women involved in the development of new vehicles and they even asked who will succeed him if he were to retire. Regarding this last issue Ghosn told shareholders not to worry as every executive has a list of names with potential successors, but did not mention a single name.

Nissan has managed to quickly grow in emerging markets such as Indonesia, Brazil and Thailand, and it was also named the No.1 automaker of zero-emission vehicles in the alliance with Renault, a partnership aimed at reaching 100,000 EVs sold globally in July.

“Without question, 2012 was a year of progress,” Ghosn told the shareholders. “There is plenty of talent at Nissan.”

Source: yahoo.com