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Renault scraps parts of Carlos Ghosn's pay deal

Reuters  |  PARIS 

(Reuters) - on Wednesday said it had decided to scrap certain lucrative pay arrangements for former

"The board unanimously decided, at its meeting of 13th February 2019, to waive Mr. Ghosn's non-compete commitment and, consequently, not to pay the corresponding compensation equal to two years fixed and variable compensation," the company said.

(Reporting by Sudip Kar-Gupta, and Gilles Guillaume; editing by Jason Neely)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 19:00 IST