Renault has confirmed the resignation of Carlos Ghosn from his top functions and appointed current Michelin chief, Jean-Dominique Senard as chairman and and Thierry Bolloré as CEO.

The news coming from Paris after a board meeting this morning (24 January) confirms reports circulating of Ghosn’s decision to step down as chairman and CEO, while he faces trial concerning charges related to financial misconduct, which he denies.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Renault says it will now split the functions of chairman and CEO to provide a new governance structure.

“In addition to all the functions normally performed by the chairman, the new chairman of Renault will have to evaluate and, if necessary, change Renault’s governance in order to ensure the transition to the new structure,” said a Renault statement.

“He will present his proposals on the evolution of governance to the board of directors before the next General Shareholders’ Meeting.

See Also:

“In addition, Renault’s board wishes to supervise actively the functioning of the Alliance and decides to give its chairman full responsibility for managing the Alliance on behalf of Renault, in liaison with the CEO.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“In this capacity, the chairman of Renault will be the main contact person for the Japanese partner and the other Alliance partners for any discussion on the Alliance’s organisation and evolution. He will propose to the board of Directors any new Alliance agreement that he considers useful for Renault’s future. He will be Renault’s main representative in the Alliance’s management bodies and at Nissan when Renault has the right of proposal.

“The CEO will coordinate for the company the Alliance’s activities in the operational field under the authority of the chairman.”