Thursday, 17 October, 2019

Renault board removes Thierry Bollore as CEO

France Renault Renault's CEO Thierry Bollore Kicked Out, No Official Reason Given
Russell Knight | 12 October, 2019, 10:15

Renault's board voted on Friday to oust chief executive Thierry Bollore, as the French carmaker and Japanese partner Nissan seek a fresh start following the scandal-hit tenure of former alliance supremo Carlos Ghosn.

It also named two deputies to back up Delbos, top sales executive Olivier Murguet and a senior manufacturing and supply chain chief, Jose-Vicente de los Mozos.

Renault's chief executive claims he was the victim of a "coup" after being sacked by the auto maker's board.

Mr Bollore, who had always been Ghosn's right-hand man, was promoted to help steady Renault this year, with Jean-Dominique Senard hired from Michelin as chairman.

Bolloré had replaced Ghosn after the former CEO was jailed in Tokyo last November on charges of falsifying financial reports in under-reporting compensation and breach of trust.

Bollore, however, said in an interview published Friday that he was blindsided by his ouster.

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"The brutality and the totally unexpected nature of what is happening are staggering", he said according to the source. The role of president goes for the moment to Jean-Dominique Senard, the chairman of the board.

Lots of movement going on in the top positions of the Renault-Nissan-Mitsubishi Alliance.

Bollore was close to former Renault and Nissan Chairman Carlos Ghosn, expressing support for his former boss after he was arrested in Japan over alleged financial misconduct, condemning the arrest as a conspiracy from Nissan - which didn't go well with the Japanese auto maker.

Renault said Senard would hold a press conference at Renault's headquarters outside Paris at 12:30 pm (1030 GMT).

French newspaper Le Figaro reported that the move is supported by both chairman Jean-Dominique Senard and the French government, the latter being a major Renault shareholder.

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