Nov 20, 2018

Carlos Ghosn : Renault names interim replacement

Renault has appointed a temporary deputy chief executive to take over the running of the French car firm following the arrest of Carlos Ghosn. Renault said its chief operating officer, Thierry Bolloré, would step up to the role because Mr Ghosn was "Temporarily incapacitated". Following an emergency board meeting, Renault said Mr Ghosn would remain as its chairman and chief executive. On Tuesday evening, Renault said: "At this stage, the board is unable to comment on the evidence seemingly gathered against Mr Ghosn by Nissan and the Japanese judicial authorities." The Financial Times reports that Mr Ghosn was planning a merger between Renault and Nissan but that the Japanese company was opposed to a deal.

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