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Renault CEO Carlos Ghosn may step down, faces nail-biting salary vote

Besides heading Renault, Ghosn serves as chairman of all three carmakers and is described as CEO of their expanding alliance

Reuters  |  Paris 

Renault boss Carlos Ghosn faces another nail-biting salary vote when the French government, the carmaker's largest shareholder, is expected to oppose his 7.4 million euro ($8.7 million) 2017 payout at Friday's annual shareholder meeting. Ghosn, who lost a vote on pay in 2016, is also up for renewal as chairman and CEO for another four-year term in which he has pledged to pursue closer consolidation with alliance partners Nissan and Mitsubishi. The French state holds a 15 per cent Renault stake with double voting rights, capped at 18-20 per cent for votes on remuneration ...

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First Published: Thu, June 14 2018. 13:26 IST