Renault is to hold an emergency board meeting this afternoon (11 April) in Paris to present the conclusions of its spy affair investigations.
Speculation in the French press has centred on whether or not Renault chief operating officer Patrick Pelata will resign, although a spokeswoman for the automaker in Paris declined to comment. CEO Carlos Ghosn has already turned down a previous offer by Pelata to step down.
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“There is an emergency meeting this afternoon – it is about the conclusions of the investigations,” the Renault spokeswoman told just-auto. “The audit that was asked [for] in March and the conclusions will be discussed.
“We have a representative of Nissan on that board. There are 18 people on the board and it is in the [Boulogne-Billancourt, Paris] headquarters.”
Renault had previously indicated it would make unspecified “reparations” for the “personal harm” undergone by the sacking of three high-ranking executives, Michel Balthazard, Bertrand Rochette and Mathieu Tenenbaum.
All three were wrongly accused of industrial espionage, with a French prosecutor completely clearing the three last month. The Renault spokeswoman noted compensation “might be on the agenda” but did not know if it would form part of any conclusion.
In addition, Ghosn said he and all senior managers concerned would waive “variable remuneration” accruing for 2010 as well as any stock option entitlements for 2011.
