Renault appointed interim president

Renault appointed interim president

November 21, 2018 0 By autotimesnews

The board of directors of the Renault group has appointed Thierry Bollore as interim CEO

Thierry Bollore has been appointed interim president of the Renault concern. Prior to this, the top manager held the post of deputy president – general director and was the operational director of the company. This decision was taken at an emergency meeting of the board of directors of the concern. In addition, Philippe Lafayette was elected to the post of chairman of the board of directors.

“Carlos Ghosn is temporarily incapable, but remains chairman and chief executive officer. During this period, the board will meet regularly under the chairmanship of the leading independent director, ” – the group said in a statement.

The head of the Renault-Nissan-Mitsubishi Alliance, Carlos Ghosn, was detained on November 19th. Japanese police suspect a 64-year-old top manager for tax evasion. For this, he deliberately distorted information about the amount of his own payments. Investigators began investigating a top manager after reports from an anonymous informant inside the auto concern.

In turn, Nissan formed its own special team to investigate the incident. The first results have already been transferred to the Prosecutor’s Office of Japan. The company also declared its readiness to cooperate with the investigation on all necessary issues. In Nissan believe that a top manager is likely to leave his post in the near future. In addition to Ghosn himself, one of the members of the council, Greg Kelly, is also suspected of fraud, who also risks being dismissed.

Carlos Ghosn is one of the most famous top managers in the automotive industry. In 1999, he saved the Japanese Nissan from bankruptcy by drastically reducing costs. An alliance of Renault, Nissan and Mitsubishi was established with his direct participation, partnerships were established with Russian AvtoVAZ, German Daimler and Chinese Dongfeng.

At the same time, Ghosn has held senior positions at Renault since 1996. In 1999, Renault and Nissan became partners, and Ghosn moved to Japan, where he took the position of production director, then rose to the post of president and director general. Since 2005, he has combined the positions of the president and CEO of Renault, and in 2009 he headed the board of directors of Renault.

In 2016, Ghosn also became chairman of the board of directors of Mitsubishi, and in 2017 he transferred the authority of Nissan CEO Hiroto Saikawa, but he retained his position as head of the board of directors.