While France continued to offer support, Carlos Ghosn resigned from Renault as Chairman and Chief Executive Officer, on January 24, 2019. The Board of Directors elected Michelin CEO Jean-Dominique Senard as Chairman, while Thierry Bolloré now serves as Chief Executive Officer.
Besides separate functionalities for Chairman and CEO, the plan is also to come up with a new governance structure for Renault. The new Chairman will present his proposals on the same before the next General Shareholders’ Meeting. In addition, Renault’s Board of Directors will actively supervise the functioning of the Alliance and will give its Chairman full responsibility for managing the Alliance on behalf of Renault, in liaison with the Chief Executive Officer.
Renault also said that the Chairman will be the main contact person for the Japanese partner and the other Alliance partners for any discussion on the Alliance’s organization and evolution. He will propose to the Board of Directors any new Alliance agreement that he considers useful for Renault’s future. He will be Renault’s main representative in the Alliance’s management bodies and at Nissan, when Renault has the right of proposal.