Nissan Shareholders Remove Ghosn from Board

Nissan Motor Co.’s shareholders have voted former Chairman Carlos Ghosn off the company’s board and replaced him with Renault SA Chairman Jean-Dominique Senard.

Senard is expected to share the board’s chairmanship with an outside director as part of Nissan’s efforts to strengthen its corporate governance rules.

The vote ends Ghosn’s last job with Nissan. He was arrested on Nov. 19 on suspicion of financial wrongdoing and has since been re-arrested three times. Ghosn currently faces four charges of misconduct, including one filed last week that returned him to jail after accusing him of diverting company funds for his private use.

Shareholders also voted to remove Greg Kelly, another former director, who had been indicted as Ghosn co-conspirator. Both men had been stripped of their roles as representative directors—a position that enabled them to enter into contracts on behalf of the company—last November.