Renault axes chief executive in fresh leadership overhaul

Time 2 years ago

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.

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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

MORE: Accolades for three of Renault’s longest-established dealerships

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