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Carlos Ghosn, arrested in Japan on charges of irregularities during his leadership of Nissan, agreed to resign from the French company Renault, before his board meets to remove him and appoint a new manager.
A source close to Ghosn said that he was informed last week by representatives of the French state, which is the largest contributor to Renault, with 15.01% of the capital, and lawyers in the group about “a desire to appoint a serious president.”
“Ghosn has always said he does not want to be an obstacle to Renault or the alliance with Nissan,” the source said, adding that he intended to step down.
Ghosn was sacked from the presidency of Nissan after his arrest in Tokyo on 19 November, while Renault chose to keep him in office until proven guilty, and appointed a temporary administration of the company.
If Ghosn’s resignation is confirmed, the board will avoid dismissing the 64-year-old president.
