Renault turns to Michelin CEO as Ghosn replacement

Renault has turned to Michelin CEO Jean-Dominique Senard to be its new boss after opting for an all-new management structure following the resignation of Carlos Ghosn, its former chairman and CEO.

Renault turns to Michelin CEO as Ghosn replacement

Ghosn remains in jail in Japan after being accused by authorities of financial irregularities, although he has strongly denied any wrongdoing.

Despite the ongoing legal situation in Japan, Ghosn had officially kept his position at Renault up until now but, ahead of a board meeting in France on Thursday, he finally stood down.

In response to the situation, Renault has elected to split the responsibilities that Ghosn previously had in to separate chairman and CEO roles.

The board elected Senard as new director and chairman, while Thierry Bollore, who had recently taken on Ghosn's responsibilities, was kept on as chief executive officer.

In a statement issued by Renault, it made clear that Senard would be tasked with creating a new governance structure to help lead both the French car company and its alliance with Nissan.

The statement said: "In addition to all the functions normally performed by the Chairman of the Board, the new Chairman of the Board of Directors of Renault will have to evaluate and, if necessary, change Renault's governance in order to ensure the transition to the new structure.

"He will present his proposals on the evolution of governance to the Board of Directors before the next General Shareholders' Meeting.

"In addition, Renault's Board of Directors wishes to supervise actively the functioning of the Alliance and decides to give its Chairman full responsibility for managing the Alliance on behalf of Renault, in liaison with the Chief Executive Officer."

shares
comments
How to tell Pirelli’s new F1 tyres apart in testing

Previous article

How to tell Pirelli’s new F1 tyres apart in testing

Next article

French GP pit entry moved after safety fears

French GP pit entry moved after safety fears
Load comments

About this article

Series Formula 1
Teams Renault F1 Team
Author Jonathan Noble
How long can Verstappen and Hamilton keep it clean? Prime

How long can Verstappen and Hamilton keep it clean?

Lewis Hamilton and Max Verstappen have been evenly matched so far in the 2021 Formula 1 title race. Neither has been afraid to get aggressive against each other on track, teeing up an enthralling contest as the year unwinds. But how long will their battle remain clean? Jonathan Noble ponders that exact point

Formula 1
May 13, 2021
How Brabham’s one-hit wonder was boxed into a corner Prime

How Brabham’s one-hit wonder was boxed into a corner

The Brabham BT46B raced once, won once, then vanished – or did it? STUART CODLING reveals the story of the car which was never actually banned…

Formula 1
May 11, 2021
The changes Barcelona needs to provide a modern-day F1 spectacle Prime

The changes Barcelona needs to provide a modern-day F1 spectacle

Formula 1’s visits to Circuit de Barcelona-Catalunya over recent years have been met with familiar criticisms despite tweaks here and there to the track to improve racing. With the 2021 Spanish Grand Prix largely going the same way, proper solutions need to be followed to achieve F1’s wider targets

Formula 1
May 10, 2021
Spanish Grand Prix Driver Ratings Prime

Spanish Grand Prix Driver Ratings

Often described as Formula 1's laboratory, the Circuit de Catalunya-Barcelona gave the clearest demonstration yet of the pecking order in 2021. And it's the key discrepancies from that order which illuminate who is excelling, and who needs to hit the reset button.

Formula 1
May 10, 2021
How Red Bull's deja vu set Hamilton on the winning path in Spain Prime

How Red Bull's deja vu set Hamilton on the winning path in Spain

An aggressive first corner move from Max Verstappen appeared to have set the Red Bull driver on course for victory in the Spanish Grand Prix. But canny strategy from Mercedes - combined with the absence of Red Bull's number two from the lead group - allowed Lewis Hamilton to pull off a demoralising reversal

Formula 1
May 10, 2021
The Barcelona practice times that prove Red Bull has hidden pace Prime

The Barcelona practice times that prove Red Bull has hidden pace

Lewis Hamilton led the way in Friday practice for the 2021 Spanish Grand Prix, but there was one major encouraging sign for Red Bull. However, making good on that gain will require Max Verstappen to avoid repeating a mistake that left him well down the FP2 order...

Formula 1
May 7, 2021
Why McLaren doesn’t doubt Ricciardo can escape his ‘dark’ place Prime

Why McLaren doesn’t doubt Ricciardo can escape his ‘dark’ place

Three points finishes from as many starts represents a decent opening innings on paper, but Daniel Ricciardo has endured a tough start to his McLaren career - only magnified his teammate's excellent form. Yet both he and the team have good reason to expect a turnaround soon.

Formula 1
May 6, 2021
What needs to “change” for Red Bull is ending Verstappen’s errors Prime

What needs to “change” for Red Bull is ending Verstappen’s errors

OPINION: Going up against the dominant force of Mercedes and Lewis Hamilton was always going to demand the best from Red Bull and Max Verstappen. But after making a couple more errors during the Portuguese Grand Prix, the Dutch driver showed there's a small gap he still needs to close in the 2021 Formula 1 title fight.

Formula 1
May 5, 2021