Renault’s board is meeting this morning (11 October) to “discuss” future governance of the Group as rumours continue to swirl regarding CEO, Thierry Bolloré’s future.
Speculation in France is centering on the possibility Bolloré could be replaced, but a spokeswoman for Renault declined to comment on the situation to just-auto from Paris.
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“The Renault board will meet to discuss the governance of the Group,” noted a very brief statement from the manufacturer in the French capital. “A release will be issued at the end of this meeting.”
Any shake-up would cap a series of management changes at both Renault and Alliance partner, Nissan, which this week appointed current SVP and Dongfeng president, Makoto Uchida as representative executive officer and CEO of the Japanese automaker.
In addition, the board appointed current Mitsubishi Chief Operating Officer, Ashwani Gupta as representative executive officer and COO of Nissan.
The rumours only add to a turbulent year for Renault following former CEO, Carlos Ghosn’s incarceration in a Tokyo detention centre for some time now, where he faces a trial related to financial misconduct, which he denies.
Much-vaunted talk of a tie-up between Renault and FCA also foundered on the rocks earlier this year, while any boardroom changes will attract the attention of the French government, which has a 15% stake in the automaker.
