The board of French carmaker Renault on October 11 voted to oust Thierry Bollore as CEO, naming the firm's financial director Clotilde Delbos to take over his job on an interim basis. Renault, along with alliance partner Nissan, is still reeling from the arrest in Tokyo last year of former boss Carlos Ghosn on allegations of financial misconduct, which Mr. Ghosn denies. Mr. Bollore, who had long been Mr. Ghosn's right-hand man, was promoted to help steady Renault this year, with Jean-Dominique Senard hired from Michelin as chairman. It also comes hot on the heels of a top management reshuffle at alliance partner Nissan, which has also just replaced its CEO. This coup de force is very worrying,” Mr. Bollore told Les Echos.

Source: The Hindu October 11, 2019 11:04 UTC