Renault is considering new governance

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Renault confirmed on Thursday that it has been thinking about new leadership to replace embattled Chairman and CEO Carlos Ghosn, following French Finance Minister Bruno Le Maire’s calls for a board meeting to address his succession.

“The governing bodies of Renault are actively collaborating to find the best solution for the future governance of the company, with a view to preserving the company’s interests and strengthening the Renault-Nissan Alliance,” the automaker stated in a statement issued in the name of acting chairman Philippe Lagayette and another senior director.

The statement came a day after Le Maire called for a modification of Renault’s leadership, following Tokyo court’s refusal to release Ghosn on bail as he awaits trial in Japan on financial misconduct charges which he denies.

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