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Ghosn Resigns, Renault And Nissan Pledge To Continue Alliance

Carlos Ghosn, the architect of the Renault-Nissan alliance, resigned from Renault as he remains incarcerated in Japan where he is accused of financial misconduct at Nissan. Ghosn was sacked by Nissan shortly after his arrest on 19 November.

Renault announced the appointment of Michelin’s Jean-Dominique Senard as its new chairman, while interim CEO Thierry BollorĂ© will now take on the role on a permanent basis. Ghosn originally retained both roles at Renault after his arrest in Japan, despite other alliance members Nissan and Mitsubishi Motors swiftly removing him from the roles he held at those companies.

Renault and Nissan have pledged to continue their alliance, with Nissan’s chief executive Hiroto Saikawa welcoming Renault’s management shake-up.

“In the big picture, this is a big milestone that we are reaching. We are starting a new chapter. So, I welcome this new leadership of Renault,” Saikawa said.

Ghosn faces three charges of financial misconduct in Japan, including understating his income and aggravated breach of trust. He denies any wrongdoing and could remain in custody for months after his second application for bail was denied.