[wheelguy]

Prior to an official announcement, Bolloré had described the move as "a coup" and "shocking power grab" in an interview with French business title Les Echos. “The brutality and the totally unexpected nature of what is happening are staggering. Operationally, I do not see where the fault is.”

Renault's board of directors has voted to remove CEO Thierry Bollore as head of the company effective immediately. Financial director Clotilde Delbos has been installed as interim CEO, with Olivier Murguet and José-Vicente de los Mozos taking positions as deputy managing directors to assist Delbos in the role. The firm has already begun the process of appointing a permanent replacement.

Renault officially announced the move in a press release on Friday, confirming that the board of directors "decided to end the mandate of Mr Thierry Bolloré as Chief Executive Officer of Renault SA and President of Renault s.a.s with immediate effect."

The surprise announcement came after rumours of a management shake-up appeared in French newspapers earlier this week, and it is understood to be an effort by the brand to further distance itself further from its former boss, Carlos Ghosn.

Source: Autocar India

[GTO]

The entire Renault-Nissan group looks like a headless chicken, right from the time they got rid of Carlos Ghosn . This is certainly not the way a supposedly top-class group should run. Nissan itself has just fired another CEO, while Renault has had its share of turmoil at the top. Not to forget how amateur their handling of the merger with FCA was just a couple of months ago.

This is the time for car manufacturers to be strong internally, as they tackle slowing auto sales, app-based taxis, new safety + emission norms and game-changing technologies such as EVs & autonomous driving. But Renault-Nissan couldn't have been in a worse situation!