January 17, 2019 / 1:03 PM / 4 months ago

Renault says it is considering new governance, CEO Ghosn succession

PARIS, Jan 17 (Reuters) - Renault confirmed on Thursday that it was considering new leadership to replace embattled Chairman and CEO Carlos Ghosn, after French Finance Minister Bruno Le Maire called publicly for a board meeting to address his succession.

“The governing bodies of Renault are actively working to find the best solution for the future governance of the group, with a view to preserving the company’s interests and strengthening the Renault-Nissan Alliance,” Renault said in a statement issued in the name of acting chairman Philippe Lagayette and another senior director.

The statement came a day after Le Maire called for a change of Renault’s leadership, in the wake of a Tokyo court’s refusal to release Ghosn on bail as he awaits trial in Japan on financial misconduct charges that he denies. (Reporting by Laurence Frost; Editing by Sudip Kar-Gupta)

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