Ghosn may quit Renault CEO role before 2022

Business 6/14/2018, 9:03 AM
Ghosn may quit Renault CEO role before 2022

Carlos Ghosn, chairman and chief executive of Renault SA and the Renault–Nissan–Mitsubishi Alliance, told the Financial Times that he could relinquish the CEO position at the French carmaker before the end of his four-year term, which started in February. The interview's prelude, published on Thursday, indicated he plans to stay on as chair and keep both roles in the benchmark global partnership.

The article adds that if Ghosn steps down it would mean he accomplished the assignment to bring closer the members of the alliance and overhaul the system where they hold stakes in one another. Nissan Motors Co. Ltd. owns 15% of Renault, which in turn controls 43.4% of the original partner. Mitsubishi joined in September, a year after the other Japanese company purchased more than a third of ownership.

Ghosn left the CEO role at Nissan last year and scaled back operational duties in the headquarters in Paris, as they were transferred to his deputy Thierry Bollore.

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