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Renault scraps parts of Carlos Ghosn's pay deal

Reuters  |  PARIS 

PARIS (Reuters) - Renault on Wednesday said it had decided to scrap certain lucrative pay arrangements for former chairman and chief executive Carlos Ghosn."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, Laurence Frost 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.)

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