Renault appoints Bolloré temporary CEO

The board of directors of Renault held adopted transitional governance measures to preserve the interests of the group and the continuity of its operations.

The board was chaired by the lead independent director Philippe Lagayette after the opening of judicial proceedings against Carlos Ghosn in Japan. At this stage, the board is unable to comment on the evidence seemingly gathered against Carlos by Nissan and the Japanese judicial authorities.

Carlos, temporarily incapacitated, remains chairman and CEO. The board of directors resolved to appoint Thierry Bolloré on a temporary basis as deputy chief executive officer. Thierry will therefore lead the management team of the Group, having the same powers as Carlos. During this period, the board will meet on a regular basis under the chairmanship of the lead independent director to protect the interests of Renault and the sustainability of the Alliance.

The board decided to request Nissan, on the basis of the principles of transparency, trust and mutual respect set forth in the Alliance Charter, to provide all information in their possession arising from the internal investigations related to Carlos.

The board endorsed the support expressed by the Nissan management to the Renault Nissan Mitsubishi Alliance, which remains the priority of the group