Renault-Nissan Executive Director moves PSA Group

Renault-Nissan Executive Director moves PSA Group

September 5, 2019 0 By autotimesnews

Renault-Nissan’s senior executive suddenly left the company and joined the PSA Group.

Arno Deboff, Senior Executive Director of the Renault-Nissan Alliance, will become PSA’s Industrial Strategy Director. It is noted that the former director accuses Renault boss Thierry Bollor of forced care. It is reported that tensions within the Renault-Nissan alliance intensified after the arrest of former chairman Carlos Ghosn in November 2018, as well as the unsuccessful merger with Fiat Chrysler Automobiles in June.

Sources say Debof’s relationship with Bollor deteriorated after Ghosn’s arrest. It is believed that Debof was offered a leadership position at Nissan, but Bollor made an effort to prevent this from happening. Renault and Nissan have been at odds since the merger with the FCA failed. Japanese car maker wants Renault to reduce its 43.4 percent stake in the company to win Nissan support for FCA.

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Renault, in turn, resists this and does not want to reduce its ownership below 33 percent. Note that the transition of Deboff to the PSA Group came six years after the current CEO Carlos Tavares moved from Renault and was supposed to save the automaker from the brink of bankruptcy.