Jan 16, 2019

Carlos Ghosn: Renault 'preparing to replace' jailed boss

Renault is moving to replace its boss, Carlos Ghosn, who is in detention on charges of financial misconduct, according to media reports. The French carmaker has kept Mr Ghosn on as chief executive and chairman since he was first arrested in November. The French government, which has a 15% stake in Renault, has requested a board meeting to consider candidates to replace him, Reuters reported, citing sources. Michelin chief executive Jean-Dominique Senard was named in several reports as a likely candidate to replace Mr Ghosn as chairman. Nissan's shareholding in Renault is only 15%..

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