Renault CEO dismissed in latest leadership overhaul

Bollore has had a difficult relationship with board chairman Jean Dominique Senard

The board of French auto maker Renault on Friday voted to oust Thierry Bollore as CEO, naming the firm's financial director Clotilde Delbos to take over his job on an interim basis.

Bollore was named CEO last January and Senard was brought in from the tiremaker Michelin as board chairman, tasked with stabilising Renault and its alliance with Nissan and Mitsubishi in the wake of Ghosn's arrest.

Mr Bollore, who had always been Ghosn's right-hand man, was promoted to help steady Renault this year, with Jean-Dominique Senard hired from Michelin as chairman.

According to Reuters, Bolloré has been described as Carlos Ghosn's right-hand man, which the Renault-Nissan Alliance feels it needs to step away from.

"The board of directors made a decision to end the mandate of Mr Thierry Bolloré as chief executive officer of Renault. with immediate effect", the company said in a statement, adding it was launching a process to appoint a new CEO for the longer term.

Until a permanent replacement is found, the role of CEO for the company will be assumed by Clotilde Delbos, until now the chief financial officer.

A number of Renault's top executives also left the company recently, with many of them heading to rival PSA, indicating that relations with Bollore are not what they should be. Nissan Motor has already appointed a new CEO to replace Hiroto Saikawa.

"The brutality and the totally unexpectedness of what is happening is stunning", Bollore told financial daily Les Echos.

Mr Uchida is known for close ties to Renault, which could help ease tensions in the alliance.

French media is reporting that the government wants to revamp Renault's management and put the Ghosn era behind it. The French carmaker released a statement saying Bollore will leave his post immediately.



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