Renault board ousts Thierry Bollore as CEO, names Clotilde Delbos as interim chief [MSNBC.com]
RENAULT SA UNSP/ADR (RNLSY)
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Source: MSNBC.com
Renault board ousts Thierry Bollore as CEO, names Clotilde Delbos as interim chief Thierry Bollore, chief competitive officer of , speaks at the IAA Frankfurt Motor Show in Frankfurt, Germany, on Sept. 12, 2017. Krisztian Bocsi | Bloomberg | Getty Images Delbos will replace Thierry Bollore who was ousted by the board in a vote on Friday morning with immediate effect. The board also appointed Jean-Dominique Senard as the interim president of Renault. Shares of Renault were trading more than 3.3% higher on Friday morning but remain lower by around 4% year-to-date. "The board of directors decided to end the mandate of Mr. Thierry Bollore as Chief Executive Officer of Renault ... with immediate effect," the firm said in a statement. Renault, along with partner Nissan, moved into the spotlight after the arrest of its former boss Carlos Ghosn in Tokyo last November on allegations of financial misconduct — a charge that Ghosn has denied. It transpired that Nissan executives had been helping
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