Renault axes chief executive in fresh leadership overhaul

Renault axes chief executive in fresh leadership overhaul

FRENCH car maker Renault has dismissed its chief executive Thierry Bollore.

The move comes days after alliance partner Nissan named a new chief executive, indicating the two companies are intent on making a fresh start after the scandal over former joint chief Carlos Ghosn.

The decision by the Renault board to dismiss Bollore, pictured, was effective immediately.

Bollore replaced Ghosn after the former chief was arrested last November over alleged financial irregularities. Ghosn, who led the Nissan-Renault-Mitsubishi alliance, is currently awaiting trial and denies wrongdoing.

Renault said Bollore will be replaced on an interim basis by current chief financial officer Clotilde Delbos.

Chairman Jean-Dominique Senard will become president during the interim period.

Bollore told French publication Les Echos that the board’s move to oust him came as a surprise.

He said he found out from media reports after he flew back to Paris from Tokyo in the early hours of Wednesday.

He added: ‘The brutality and the totally unexpected nature of what is about to happen is stupefying.’

MORE: Makoto Uchida is named as Nissan’s new chief executive

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