Renault boss Carlos Ghosn has resigned: French economy minister

Published
0
This file photo taken on September 30, 2014 shows French Renault car maker CEO Carlos Ghosn giving a press conference during the inauguration of a new production plant in Sandouville. — AFP
This file photo taken on September 30, 2014 shows French Renault car maker CEO Carlos Ghosn giving a press conference during the inauguration of a new production plant in Sandouville. — AFP

Embattled Renault boss Carlos Ghosn has resigned, France's economy minister said on Thursday ahead of a board meeting at which the French carmaker is to appoint his successors.

A senior director from the firm "received last night the letter of resignation from Carlos Ghosn", who remains detained in Japan, Economy and Finance Minister Bruno Le Maire told AFP.

The Renault board is to meet on Thursday at its headquarters near Paris and is tipped to name interim chief executive Thierry Bollore as CEO and the head of tyre manufacturer Michelin, Jean-Dominique Senard, as chairman.

Ghosn, who had held both roles, is expected to stay behind bars for several months after seeing a second bail request denied on Tuesday.

He faces three separate charges: two of under-declaring his income by tens of millions of dollars over eight years and another of seeking to shift personal investment losses onto Nissan.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Risks ahead
Updated 02 Oct, 2026

Risks ahead

To think that the government would rather push out an elected government than grant a single prisoner some facilities does not square up rationally.
Exit from Iraq
02 Oct, 2026

Exit from Iraq

AMERICAN and British troops have once again shipped out of Iraq. On Wednesday, the foreign forces left the Arab...
Lahore’s ozone warning
02 Oct, 2026

Lahore’s ozone warning

LAHORE has received another warning that its air pollution crisis cannot be treated as a problem that begins with...
Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...