Renault ousts chief executive Thierry Bolloré in 'coup'

French car manufacturer Renault has dismissed its chief executive, Thierry Bolloré, with immediate effect. Renault's move comes close on the heels of the decision by its industrial partner Nissan to appoint a new chief executive earlier this week. Renault chairman, Jean-Dominique Senard was behind the move and appears to have had the endorsement of the French government, a 15% shareholder in Renault. The fallout from his arrest has been severe, triggering a period of intense infighting within the Nissan boardroom and poisoning the relationship with Renault. Earlier this week, Nissan appointed a new chief executive, Makoto Ushida, in an effort to stop the rot, get the company back on track and smooth ruffled feathers at Renault.

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