Renault board votes to oust CEO Thierry Bollore immediately

Renault board votes to oust CEO Thierry Bollore immediately
Renault board votes to oust CEO Thierry Bollore immediately

Renault has dismissed its chief executive, overhauling its leadership once again after the jailing of its previous boss Carlos Ghosn.

The decision by the French car makers’ board to dismiss Thierry Bollore was effective immediately.

It came days after Nissan, with which the firm shares a deep alliance, named a new boss, suggesting the two companies are intent on cleaning house after the Ghosn scandal rattled their upper ranks.

Mr Bollore replaced Mr Ghosn after the former chief was jailed in Tokyo last November for falsifying financial reports in under-reporting compensation and breach of trust.

Ghosn denies charges

Mr Ghosn, who led the Nissan-Renault alliance, is currently awaiting trial and denies wrongdoing.

Renault said Mr Bollore will be replaced on an interim basis by chief financial officer Clotilde Delbos. Chairman Jean-Dominique Senard will become president during the interim period.

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Renault owns 43 per cent of Nissan but their alliance came under strain after Mr Ghosn’s jailing.

Renault considered a merger offer from Fiat Chrysler Automobiles that would have created the world’s third-largest car maker, but the talks fell apart due to concerns over Nissan’s role.