Friday, October 11, 2019

Renault Fires Its C.E.O., as the Post-Ghosn Shake-Up Continues

The dismissal of Thierry Bolloré came after Nissan named a new chief. The automakers are part of an alliance once led by Carlos Ghosn, who was ousted as chairman.

CreditCreditTobias Schwarz/Agence France-Presse — Getty Images


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.
The board’s announcement said it “decided to end the mandate” of Mr. Bolloré “with immediate effect,” without elaborating.
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.

Good.  Renault has been destroying what's left of Chrysler.

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