Paris — Carmaker Renault named two experienced French automotive executives to replace arrested boss Carlos Ghosn on Thursday, signalling the start of a new era for the French manufacturer and its vital but strained alliance with Nissan and Mitsubishi. Thierry Bollore, who has been running Renault since Ghosn was arrested in Japan in November, will take over as CEO, while Jean-Dominique Senard, CEO of tyre giant Michelin, has been named its new chair. “The board expresses its confidence in the new leadership and wishes it every success in its mission,” Renault said. In his first reaction to his appointment, Senard moved to reassure investors of his faith in the Renault-Nissan-Mitsubishi alliance, calling it “absolutely essential”. Ghosn, previously the most influential man in the global car industry, resigned from both roles at Renault late on Wednesday as he remains behind bars in Japan awaiting trial. The 64-year-old had already been sacked as chair of Mitsubishi as well as Nissan...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now