Les Echos: Renault CEO denounces 'coup' at Renault

Renault ousts CEO to 'breathe new life' into Nissan alliance

According to the Nikkei Asian Review, Bollore is set to lose the job amid fears that his close ties with former CEO Carlos Ghosn could be detrimental to Renault's alliance with Nissan, where Ghosn himself was ousted past year after his arrest over alleged financial misconduct.

According to Reuters, Bolloré has been described as Carlos Ghosn's right-hand man, which the Renault-Nissan Alliance feels it needs to step away from.

Renault's chief executive claims he was the victim of a "coup" after being sacked by the vehicle maker's board.

A number of Renault's top executives also left the company recently, with many of them heading to rival PSA, indicating that relations with Bollore are not what they should be.

The company said Bolloré will be replaced on an interim basis by Chief Financial Officer Clotilde Delbos.

Bolloré told French publication Les Echos ahead of the announcement that the board's move to oust him came as a surprise.

It also named two deputies to back up Delbos, top sales executive Olivier Murguet and a senior manufacturing and supply chain chief, Jose-Vicente de los Mozos.

Before his ouster, Ghosn had been working on a plan for a full merger of Renault and Nissan, but had met resistance in Japan, which is concerned about French government influence in the alliance.

"I have always been loyal to him", he added, while calling on the French state, which owns 15 percent of the firm, to ensure "good governance" so as not to "destabilise Renault".

Nissan picked Makoto Uchida, previously the head of its Chinese business, to replace Hiroto Saikawa, who stepped down as CEO in September after he admitted to being improperly overpaid.



Latest news

Porsche and Boeing join forces to build electric flying taxi
It what may seem like a shocking move, Porsche announced on Thursday (October 10) it is working on a fully electric flying auto . The partnership will lead to Porsche and Boeing completing an analysis of the market for a personal flying vehicle .

Turkey's offensive into Syria: More casualties, displacement
He lamented "the dramatic harm" done to the two nations' relationship. "This is a sad tragedy of the Middle East", she added . It includes the line: "Let's be honest - the Kurds didn't show up for us at Normandy or Inchon or Khe Sanh or Kandahar".

England’s Gareth Southgate seeks to calm racism row with Bulgaria
"I've always said that in tournaments that I played in, we always pinned our hopes on one player or two players". England are starting to build a strength in depth that is the envy of many a nation.

World Rugby Monitoring Typhoon Hagibis That Could Hit Japan This Saturday
The host nation would qualify for the quarter-finals for the first time if their match in Yokohama is called off. Forecasts suggest Typhoon Hagibis could hit the island of Kyushu this weekend.

Other news