Mexican Media Brands
Ghosn Will Keep Renault CEO, Chairman Jobs for Now
Renault SA’s board decided last night that Chairman and CEO Carlos Ghosn will retain those posts after being arrested in Japan on suspicion of financial wrongdoing.
#workforcedevelopment
Share
Renault SA’s board decided last night that Chairman and CEO Carlos Ghosn will retain those posts after being arrested in Japan on suspicion of financial wrongdoing.
But the board says its meetings will be chaired for now by Philippe Lagayette, its highest-ranked independent director. The directors also confirmed earlier media reports that Chief Operating Officer Thierry Bollore has been named temporary deputy CEO.
Bollore, often described as Ghosn’s heir apparent at Renault, has been given the full powers of a CEO. The board, which describes Ghosn as “temporarily incapacitated,” says it had adopted “transitional governance measures” to preserve the interests of Renault and continuity of its operations during the crisis.
The board also has requested that Nissan Motor Co., whose internal investigation led to Ghosn’s arrest, provide it with all information regarding the findings. Ghosn also serves as chairman of Nissan, although that company’s directors are meeting today to decide whether to remove him from that position.
Whether Ghosn will continue as chair of the Renault-Nissan-Mitsubishi alliance is unclear. He has not yet issued a statement about Nissan’s charges against him.
RELATED CONTENT
-
Ford in Talks to Buy Idle Train Station in Detroit
Ford Motor Co. is in talks to acquire Detroit’s long-vacant Michigan Central Depot, a former railroad station located less than two miles west of the city center, according to multiple media reports.
-
Report: Ford Targets Europe in Plan to Cut 24,000 Jobs Worldwide
Ford Motor Co. is pondering a plan that would shrink its 202,000-member global workforce by 12%, mostly through reductions in Europe, according to the U.K.’s Sunday Times.
-
on Plenty of Things about Volkswagen & Other Topics, Too
On VW’s Project Trinity, transformation of product development and the interior of the ID.Buzz; new buses of interest; carbon fiber for wheels and accessories (non-automotive); and Aston Martin’s EV battery