Carlos Ghosn, Renault SA’s CEO, to step down before the end of his term

Carlos Ghosn will continue to be the CEO and chairman of the Renault-Nissan-Mitsubishi alliance.

On Thursday, as per a report from the Financial Times, Renault SA’s CEO Carlos Ghosn is likely to step down from the post before the end of his term which completes in 2022.

He would however continue to remain as the carmaker’s chairman and continue to be the CEO and chairman of Renault-Nissan-Mitsubishi alliance.

Ghosn has been instrumental in bringing the three groups together as a single global entity.

“You can suspect before 2022 I will stop being CEO of Renault,” said Ghosn.

Renault was not immediately available for a request for comment.

In September 2017, the Renault-Nissan-Mitsubishi alliance revealed a 2022 mid-term plan which targets annual synergies of more than 10 billion euros, up from 5 billion in 2016.

Investors are somewhat unhappy over the matter that the Renault-Nissan-Mitsubishi alliance is piloted by a Dutch-registered management company which has no independent administrators or direct shareholder oversight.


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