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.

Advertisements


Categories: Creativity, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

Tags: , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: