Renault’s board on Friday fired its chief executive, Thierry Bolloré, just days after Nissan shook up its leadership, as the two automakers in a much-vaunted alliance struggled to regain their footing nearly a year after the ouster of their former chairman, Carlos Ghosn.
The French automaker named its chief financial officer, Clotilde Delbos, as the interim chief executive. Mr. Bolloré, a former executive who served under Mr. Ghosn, became chief executive after Mr. Ghosn’s arrest on charges of financial wrongdoing last year.
Renault and Nissan are attempting to turn a page on the Ghosn era by shedding executives who have complicated efforts to reboot the world’s largest auto alliance since his arrest.
On Tuesday, Nissan appointed a new leader following the ouster of longtime chief executive Hiroto Saikawa, a protégé of Mr. Ghosn’s.
Friday’s surprise maneuver paves the way for Renault to look for a new chief to work closely with Nissan and Renault’s chairman, Jean-Dominique Senard, who took the helm of the French automaker in January.
In a Thursday interview with a French financial newspaper, Les Échos, Mr. Bolloré said he was the target of a “very disturbing coup” and that the only thing he had done wrong was to be promoted by Mr. Ghosn, who resigned under pressure from Renault. The French carmaker has also alerted prosecutors in France to investigate possible irregularities with the funding of Mr. Ghosn’s wedding at Versailles in 2016.
New leadership at the head of both auto giants could open a new chapter in the partnership, which has been plagued by festering relations, governance problems, corporate intrigue and an increasingly flagging financial performance since Mr. Ghosn was toppled last November as head of the alliance, which also includes Mitsubishi Motors of Japan.
Nissan declined to comment on the changes at Renault.
Ben Dooley contributed reporting.
https://www.nytimes.com/2019/10/11/business/renault-ceo-bollore.html
2019-10-11 09:51:00Z
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