Carlos Ghosn will step down from his capacity as Nissan president and chief executive officer on April 1, according to Automotive News. Ghosn will remain as chairman of Nissan while also retaining his roles as chairman and CEO of Renault as well as the Renault-Nissan Alliance and Mitsubishi, in order to better focus on his leadership role for the Group.

Nissan’s current co-CEO, Hiroto Saikawa, will become the sole chief executive officer when Ghosn completes his term; his new responsibilities at Mitsubishi warranted the full handover to Saikawa, Ghosn said.

“As Nissan’s Chairman, I will continue to supervise and guide the company, both independently and within the Renault-Nissan-Mitsubishi Alliance,” Ghosn said. “This planned change will also allow me to devote more time and energy to managing the strategic and operational evolution and expansion of the Alliance and ensuring that all its members benefit from the competitive advantages that its scale will deliver,” he added.

Saikawa’s appointment falls in line with Ghosn’s stated intent for a Japanese leader of the brand. “I would like when the time for a successor would come for a Japanese to head Nissan. It’s symbolic, and we have plenty of Japanese talent. I want Nissan to continue to be seen as a Japanese company,” Ghosn told Automotive News in an interview three years ago. At age 63, Saikawa is a year older than Ghosn.

Saikawa joined Nissan in 1977, while his roles as chairman of the management committees of the Americas and Europe and as executive vice president of purchasing followed. Later, Saikawa served as Nissan chief competitive officer from 2013 to 2016, whilst also serving as a Renault board member from 2006 until 2016.