Renault keeps Ghosn as chief executive and chairman
Renault will keep Carlos Ghosn as its chairman and chief executive after an initial internal investigation found no evidence of wrongdoing, the company said today.
Renault said the executive’s compensation was “in compliance with applicable law” and said it would maintain its current governing structure.
Under this structure Ghosn retains his positions as chairman and chief executive, with chief operating officer Thierry Bollore overseeing the day-to day management of the business.
The decision runs contrary to Nissan and Mitsubishi, which both ousted Ghosn from his leadership roles.
Ghosn is currently in detention in Japan on charges of financial misconduct. He and former Nissan representative director Greg Kelly are accused of understating Ghosn’s income by tens of millions of pounds.
A Tokyo court rejected a complaint filed by the former Nissan chairman, meaning he is likely to be held in Japan until the end of the year.
Renault said it has asked its lawyer to continue their assessment of Ghosn’s case alongside Nissan’s lawyers.