Some industry observers are speculating a board shake-up at Nissan may bring the shelved FCA proposal to merge with Renault back to the negotiating table.
Shareholders’ tip sheet seekingalpha.com, citing the Wall Street Journal said a vote by Nissan shareholders this week on a plan to make radical changes to the Japanese company’s board could pave the way for Fiat Chrysler and Renault to resume their US$40bn merger talks.
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Nissan would have a majority of independent directors who, the thinking inside Renault goes, could potentially be more willing to examine a tie-up on strategic merits.
Fiat withdrew its offer for Renault earlier this month after the French government sought more time to ensure that Renault’s longtime alliance partner Nissan was on board with the deal.
Nissan and Renault last week finally stopped bickering with the former granting the latter representatives’ seats on key board committees.
According to Reuters, Nissan said it would give Renault chief executive Thierry Bollore a seat on the audit committee and chairman Jean-Dominique Senard a seat on the nomination committee.
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By GlobalDataSenard would also become board vice-chairman.
The move came after Senard demanded representation on the committees in return for approving Nissan’s overhauled governance structure.
FCA proposes transformative merger with Renault
