Veteran Nissan CEO Carlos Ghosn stepping out of the driver's seat.
He's led the Japanese automaker for the past 16 years.
Now he'll hand over the wheel to Hiroto Saikawa, his co-CEO, who will be the sole chief executive officer from the start of April.
The announcement ends years of speculation over when Ghosn would let go of the top job at Nissan, to focus on French alliance partner Renault.
Investors there had grumbled Ghosn was stretched two thin leading both of the major carmakers.
Ghosn is credited with turning Nissan around after taking the job in 1999 and expanding the company to key markets including China.
He'll remain chairman of Nissan.
And now he'll work to revamp struggling Mitsubishi Motors, yet another chairmanship he added in December last year when Nissan bought a big stake in Mitsubishi after its fuel efficiency scandal.