After the unrest at the French carmaker Renault is now confirmed: The former CEO Thierry Bolloré must vacate his post. Interim successor will be the chief financial officer of the manufacturer, Clothilde Delbos, told Renault after a board meeting with.
Renault CEO Thierry Bolloré had already learned in advance from the media that Renault President Jean-Dominique Senard wants his retreat, said Bolloré in an interview with the French business paper "Les Echos". It was a "disturbing coup".
Renault has to contend with significant profit slumps
Bolloré was responsible for the operational business at Renault. The manager was already under the former CEO Carlos Ghosn the number two in the traditional manufacturer.
After Ghosn's arrest in Japan, the French-Japanese car alliance between Renault, Nissan and Mitsubishi he had created and controlled had fallen into a serious crisis. Ghosn had been accused of violating stock market regulations in Japan.
The next meeting of the top management of Renault was actually planned for the 18th of October. On Wednesday, the French state was demonstratively behind Senard. He was trusted to make the right decisions to run the group, said Economy and Finance Minister Bruno Le Maire, according to his ministry. The state owns 15 percent of the shares in Renault.
Senard, former head of the tire manufacturer Michelin, had been called to Renault's help to run the company after Ghosn's withdrawal. Renault suffered a sharp drop in profits in the first half of the year due to the difficulties of its Japanese partner Nissan.
