Renault ousts CEO to 'breathe new life' into Nissan alliance

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According to the Nikkei Asian Review, Bollore is set to lose the job amid fears that his close ties with former CEO Carlos Ghosn could be detrimental to Renault's alliance with Nissan, where Ghosn himself was ousted previous year after his arrest over alleged financial misconduct.

Renault's RENA.PA CEO Thierry Bollore denounced on Thursday as a "coup" his potential exit from the French carmaker, which has called a board meeting on Friday.

"The board of directors chose to end the mandate of Mr Thierry Bolloré as chief executive officer of Renault. with immediate effect", the company said in a statement, adding it was launching a process to appoint a new CEO for the longer term. Many Renault executives are wondering why Bollore, an ally of Ghosn, remained in charge of the company when other confidants have left or been forced out. Ghosn, who led both companies and the Nissan-Renault alliance, is now awaiting trial and denies wrongdoing. Chairman Jean-Dominique Senard will become president during the interim period.

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This guy is one of the major criminals of the Ukraine, and he's now walking around free because Joe Biden got the case dismissed. It is worth noting that Interfax is a Russian news organization that serves a similar role to AP in many former Soviet states.

Saikawa and Bollore barely spoke and were seen as clear irritants to the relationship between Nissan and Renault, French official and company sources told Reuters in June.

"No one exerted pressure", he said. Renault considered a merger offer from Fiat Chrysler Automobiles that would have created the world's third-largest automaker, but the talks fell apart due to concern over Nissan's role. He said he found out Senard wanted him gone from media reports after he flew back to Paris from Tokyo in the early hours of Wednesday.

"The brutality and the totally unexpected character of what is happening are stupefying".

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