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Renault board meeting to replace boss Ghosn, jailed in Japan

SeattlePI.com Thursday, 24 January 2019 ()
PARIS (AP) — The board of French carmaker Renault SA plans to meet to choose new leadership to replace auto industry powerhouse Carlos Ghosn, who is fighting fraud and breach of trust charges in Japan. The board meeting Thursday is expected to name Jean-Dominique Senard of Michelin as chairman and Renault executive Thierry Bollore as CEO. Ghosn previously held both posts. Renault initially stood by Ghosn after his Nov. 19 arrest, naming temporary leadership. But the French government, a key Renault shareholder, has pressed him to be replaced. Ghosn denies Japanese accusations that he under-reported income as chairman of Nissan and other charges.
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News video: Renault Board Pressuring Ghosn To Resign

▶ Renault Board Pressuring Ghosn To Resign 00:30

According to Automotive news, Renault's board is pressuring the automaker's jailed CEO and chairman Carlos Ghosn to resign. Other reports said Renault has called for a board meeting to discuss how to replace Ghosn. The Renault nominations committee has tentatively backed Michelin boss Jean-Dominique...

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