Nissan Announces Global Management Changes; Designed to Further Strengthen Impact of Nissan Revival Plan

    TOKYO, March 20 Nissan Motor Co., Ltd. (NML) today
announced changes in organization to strengthen management ranks worldwide.
The company is making these changes to ensure the continuation of the swift
and strong implementation of the Nissan Revival Plan announced on October 18,
1999, and to prepare for the period beyond.
    "We must continue to adapt and improve our operations," announced Carlos
Ghosn, President of Nissan Motor Co., Ltd.  "As we continue to implement the
NRP we will make changes wherever needed to move the company towards lasting
profitable growth in a competitive global environment."
    The Executive Committee has been streamlined to eight members as Mr.
Hiroshi Moriyama, EVP of domestic marketing and sales group, leaves the
committee on April 1st, 2001 and be proposed as a company auditor at the June
General Shareholders meeting.
    As chairman of the Management Committee, Mr. Ghosn will directly oversee
all operations in Japan.  He will also directly monitor the management of the
Alliance with Renault.
    The company has created a Global Sales and Marketing organization headed
by Mr. Norio Matsumura, currently EVP of overseas operations group.  Mr.
Matsumura will lead the sales and marketing function worldwide as the company
continues its intensive new product launch with 18 of the 22 products under
the NRP remaining to be launched over the next two years.
    Mr. Itaru Koeda, EVP of purchasing group, will take on the additional role
of chairman of the European management committee.  The European management
team will also be streamlined as Sir Ian Gibson, SVP, retires on April 1,
2001.
    In Japan, Mr. Yukio Kitahora, currently SVP of Parts Business Unit will
assume the position of SVP of domestic sales.  In this position he will retain
his current responsibility of head of domestic dealer development.  Further
strengthening the domestic sales operations, Mr. Toshiro Tanaka, currently GM
of domestic service operations, will become VP of sales in Japan, reporting to
Mr. Kitahora.
    Mr. Kazuhiko Toida will assume the position of SVP of the Global Parts
Business Unit, reporting to Mr. Matsumura.
    Additionally in Japan, Nissan will nominate new presidents in twenty for
domestic subsidiary dealerships, including Mr. Akihiro Kojima, currently SVP
of domestic sales, and Mr. Kiyoharu Owada, currently President of Nissan
Canada.  "We are putting in place new leadership at our domestic subsidiary
dealers to lay the groundwork for improved profitability and stronger market
presence in our home market," said Ghosn.  Nissan will launch eleven new
models into the market in the coming two years.
    Katsumi Nakamura will become SVP in his current role of program director.
This move emphasizes the importance of the six program directors at Nissan in
developing new products and managing their total life cycle.  Under the new
organization, each regional management committee (Japan, North America, Europe
and General Overseas Markets) will include one program director.
    The company's renewed focus on technology will be supported by the
promotion of Mr. Hiroyasu Kan to vice president of a strengthened Advanced
Engineering Division including powertrain.
    Mr. Shiro Nakamura, currently VP of design will become SVP in a move that
highlights the importance of design within the company.  Mr. Nakamura's duties
will not change as he continues to head Nissan's global design organization.
    Mr. Kuniyuki Watanabe, currently general manager of resource management
department in R&D, will become the new SVP of human resources, reporting
directly to the president.  Mr. Watanabe will continue the reform on HR
policies begun under Mr. Masahiko Aoki who moves to a newly created position
of SVP for the support, organization and administrative efficiency division.
    In April of 2000, Nissan implemented regional management committees to
strengthen and speed up the communication and decision making between the
regions on one side, and Nissan's world headquarters and global functions on
the other.  On September 14, 2000, Nissan also announced a new lean global
headquarters organization (GNX) to define and strengthen the roles of global
and regional management teams.
    The Nissan Revival Plan was announced on October 18, 1999.  The NRP
emphasizes three major commitments: return Nissan to net profitability in
fiscal year 2000; achieve a minimum consolidated operating margin of
4.5 per cent and reduce net automotive debt by a half to no more than
700 billion Yen by the end of fiscal year 2002.