Renault ousts CEO Bollore in abrupt shake-up

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Renault ousts CEO Bollore in abrupt shake-up
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The board of French carmaker Renault on Friday voted to oust Thierry Bollore as ...

) 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.

Renault, along with alliance partner Nissan , is still reeling from the arrest in Tokyo last year of former boss Carlos Ghosn on allegations of financial misconduct, which Ghosn denies. “The board of directors decided 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.

The executive denounced his looming exit as a “coup” in a newspaper interview on Thursday, after news that Senard was poised to trigger his departure and put it to the board had emerged in the French press on Tuesday.It also comes hot on the heels of a top management reshuffle at alliance partner Nissan, which has also just replaced its CEO.

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