Renault's New CEO Could Be Announced Shortly -French Finance Minister

Date : 01/14/2020 @ 9:32AM
Source : Dow Jones News
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Quote : 115.7  0.0 (0.00%) @ 1:00AM
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Renault's New CEO Could Be Announced Shortly -French Finance Minister

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   By Mauro Orru 
 

The new chief executive of Renault SA (RNO.FR) could be announced "in a few days," French Finance Minister Bruno le Maire told television broadcaster CNEWS on Tuesday.

"[Chairman] Jean-Dominique Senard and the board of directors are on the case. I think that in a matter of days, we will, at least I hope, have a new chief executive for Renault," Mr. le Maire said.

The French car maker, in which France holds a 15% stake, is widely expected to appoint Luca de Meo. Mr. De Meo most recently served as president of Volkswagen AG's (VOW.XE) Seat brand, before stepping down on Jan. 7.

Renault wasn't immediately available for comment.

The company has had two CEOs since former chief Carlos Ghosn was arrested in Japan in November 2018 on charges of financial misconduct connected to Renault's alliance partner Nissan Motor Co. (7201.TO), which he has denied.

Mr. Ghosn resigned from Renault in January 2019. His successor Thierry Bollore was fired in October after he demanded an independent probe of Nissan's investigation into Mr. Ghosn. Nissan dismissed his calls for an independent audit and accused Mr. Bollore of being sympathetic to Mr. Ghosn.

Mr. Bollore was replaced by Clotilde Delbos, who has been serving as CEO on an interim basis since October.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

January 14, 2020 04:17 ET (09:17 GMT)

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