French Carmaker Renault Ousts Chief Executive Thierry Bollore

© AP Photo / Thibault CamusThe Renault logo is pictured on a Renault Talisman car, in Paris, Tuesday, Jan. 19, 2016
The Renault logo is pictured on a Renault Talisman car, in Paris, Tuesday, Jan. 19, 2016 - Sputnik International
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The decision was reportedly made amid concerns about Bollore's relationship with Nissan after its chairman Carlos Ghosn was arrested over allegations of financial misconduct. 

French carmaker Renault has voted to remove CEO Thierry Bollore, the company says. 

"At this meeting, 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 company said.

Renault did not give any reason for its decision to remove Bollore. However, the company said that it had decided to appoint Mrs Clotilde Delbos as interim Chief Executive Officer of Renault SA "until a process is completed to appoint a new Chief Executive Officer."

Thierry Bollore was appointed as Renault CEO in late January, after serving as the interim head of the company since Carlos Ghosn's arrest in November 2018.

Ghosn, who used to be the chairman of the Renault-Nissan-Mitsubishi Alliance and of all three companies individually, was arrested in Japan in November 2018 along with his right hand, Greg Kelly, as part of an investigation into the former executives' presumed failure to properly report around $44 million worth of income. Ghosn is currently under house arrest.

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