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HomeUncategorizedRenault to replace Carlos Ghosn as new Nissan CEO

Renault to replace Carlos Ghosn as new Nissan CEO

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carlosJapan’s Nissan board has nominated the new boss  Renault to replace Carlos Ghosn, who is in detention facing charges of financial misconduct.

The decision to turn over Ghosn’s board seat to Jean-Dominique Senard must still be ratified by shareholders, and the company said it had set an April 8 date for an extraordinary shareholders’ meeting.

Ghosn and Kelly were sacked from the board after their arrest on November 19

Senard’s nomination does not mean he will replace Ghosn as chairman at Nissan. The automaker is still searching for a replacement and is not expected to announce a decision before June.The firm has not announced plans to replace Kelly on the board.

Ghosn’s arrest and subsequent indictment on three charges exposed rifts between Nissan and French carmaker Renault which, together with Mitsubishi Motors, make up the world’s top-selling auto manufacturing group.

Current Nissan CEO Hiroto Saikawa has described Senard’s appointment as a “new chapter” in relations between the two firms — an unlikely alliance that Ghosn created and held together.

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