Renault left Carlos Ghosn head of concern

Renault left Carlos Ghosn head of concern

December 14, 2018 0 By autotimesnews

The board of directors of Renault accepted to leave Carlos Gona as the head of the company. This became known after the meeting of the management group. The company decided that the remuneration of the president and CEO of Renault “complied with the applicable law.” In the company, Thierry Bollore was appointed interim president of the concern, reports Autocar.

At the moment, the former head of the automotive alliance Renault-Nissan-Mitsubishi Carlos Ghosn is under arrest. Japanese prosecutors accused the 64-year-old top manager of concealing revenues in the amount of 5 billion yen (about $ 44 million).

The prosecutor’s office believes that Gon declared only half of his income within five years. In this case, the undeclared funds should have been paid to the top manager as a severance pay after leaving the company. Under Japanese law, the severance pay must also be declared. The Tokyo prosecutor’s office also filed charges against former Nissan board member Greg Kelly.

Carlos Ghosn himself refused to plead guilty to financial fraud. During interrogations, he declared his innocence to the investigators. Ghosn stressed that he did not underestimate the amount of his income in the reports for the exchange.

Carlos Ghosn was dismissed as chairman of the board of directors of Nissan Motor Co. November 22. In addition, Greg Kelly, a member of the board of directors, who is also suspected of financial fraud, was also dismissed. Later, the leadership of the Japanese automaker Mitsubishi also decided to dismiss Carlos Gona from the post of chairman of the board of directors. The Board of Directors of the company will be headed by Osamu Masuko.