Renault-Nissan to pursue plans to split up various management roles: Ghosn

Image
Reuters PARIS
Last Updated : Jan 17 2018 | 5:05 PM IST

PARIS (Reuters) - Renault-Nissan is to pursue its plans of splitting up management roles between those dealing with strategic matters and those handling more operational affairs, said Renault boss Carlos Ghosn.

"Regarding corporate governance, you will see changes in terms of separating the responsibilities of those dealing with Renault, with Nissan, with Mitsubishi and with the overall alliance," Ghosn told a French parliamentary finance commission on Wednesday.

Last June, Reuters reported that Ghosn was recruiting a new operational second-in-command for the Renault-Nissan carmaking alliance, in a move designed to prepare his own succession and advance the companies' integration.

French newspaper Les Echos also reported in December that Renault had started interviewing possible candidates to replace chief executive Ghosn when his term expires.

Ghosn told the French parliamentary commission that the future regarding his role at Renault depended on the company's strategic plans and roadmap.

Ghosn added on Wednesday that questions regarding the French state's role in Renault was one for the state to answer, although he added that the French government played a key role regarding the health of the country's car industry.

Last November, the French government began the sale of 4.73 percent of Renault, paring its holding back to the 15 percent level that preceded a 2015 power struggle with Ghosn, and removing a residual irritant in their relationship.

(Reporting by Gilles Guillaume; Editing by Sudip Kar-Gupta)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 17 2018 | 4:57 PM IST

Next Story