ADVERTISEMENTREMOVE AD

Carlos Ghosn Resigns as Renault Chief: Board to Decide on New CEO

Renault and Nissan Motor’s former Chairman Carlos Ghosn was charged with under-reporting his income.

Published
World
1 min read
story-hero-img
i
Aa
Aa
Small
Aa
Medium
Aa
Large
Hindi Female

The board of French carmaker Renault SA plans to meet to choose new leadership to replace auto industry powerhouse Carlos Ghosn, who is fighting fraud and breach of trust charges in Japan.

The board meeting on Thursday is expected to name Jean-Dominique Senard of Michelin as chair and Renault executive Thierry Bollore as CEO. Ghosn previously held both posts.

Renault initially stood by Ghosn after his 19 November arrest, naming temporary leadership.

ADVERTISEMENTREMOVE AD

But the French government, a key Renault shareholder, has pressed for him to be replaced. Ghosn denies Japanese accusations that he under-reported income as chair of Nissan and other charges.

French Finance Minister Bruno Le Maire said Wednesday in the Swiss resort of Davos that consolidating the Renault-Nissan alliance should be the "absolute priority" of the new Renault leadership.

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

0

Read Latest News and Breaking News at The Quint, browse for more from news and world

Topics:  Renault   Carlos Ghosn 

Speaking truth to power requires allies like you.
Become a Member
3 months
12 months
12 months
Check Member Benefits
Read More