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Nissan: Appointment of Renault CEO

Nissan has approved the entry of the Renault CEO to its board of directors, as part of a major reshuffle decided by the Japanese firm undermined by the Ghosn case. Thierry Bolloré, boss of the French manufacturer, will be part of a restructured board and expanded to 11 members, including seven from outside the group. This new structure will be endorsed by a general meeting of Nissan scheduled for late June under the chairmanship of his boss Hiroto Saikawa, said today the automaker.

In addition to Bolloré, the Board includes the Chairman of the Board of the French group, Jean-Dominique Senard, whose appointment was approved in early April by an extraordinary general meeting. The appointment of Bolloré was not won in advance, given that he has long shown his support for the former CEO of Renault-Nissan, Carlos Ghosn, arrested November 19 in Tokyo for a case of financial malpractice

In the interest of transparency, the future Board will consist of 7 external directors, almost double their number under Ghosn’s mandate. Two Renault alumni, Jean-Baptiste Duzan and Bernard Rey, who sat independently, leave the board, while Bernard Delmas, president of Nihon Michelin Tire and Andrew House, president of Sony Interactive Entertainment, make their entry.

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