Arab Press

بالشعب و للشعب
Friday, Jun 20, 2025

Renault ousts chief executive in 'coup'

Renault ousts chief executive in 'coup'

Thierry Bolloré is abruptly dismissed by the French carmaker after only nine months in the role.

French car manufacturer Renault has dismissed its chief executive, Thierry Bolloré, with immediate effect.

The current finance director, Clotilde Delbos, has been appointed to run the business on an interim basis.

Renault's move comes close on the heels of the decision by its industrial partner Nissan to appoint a new chief executive earlier this week.

Mr Bolloré has described the manoeuvering against him as a "strong-arm coup".


Intense infighting


As corporate bloodlettings go, this was brutal and ruthless.

Mr Bolloré told a French newspaper that he only became aware of attempts to get rid of him when he stepped off a plane in Paris in the early hours of Wednesday morning.

Renault chairman, Jean-Dominique Senard was behind the move and appears to have had the endorsement of the French government, a 15% shareholder in Renault.


So what happened?


Mr Bolloré was appointed in January, in the wake of a major scandal involving his predecessor, Carlos Ghosn.

Mr Ghosn, who was also chairman of Nissan and presided over the global alliance between Renault, Nissan and Mitsubishi, was arrested in Tokyo last year.

He remains in custody on charges of financial wrongdoing, which he denies. He claims he was a victim of a plot orchestrated by Nissan executives, who were anxious to prevent a merger between the company and its French partner.

The fallout from his arrest has been severe, triggering a period of intense infighting within the Nissan boardroom and poisoning the relationship with Renault.

Since then, both companies have seen a steep fall in profits, while Nissan has been further tainted by financial scandal.

Earlier this week, Nissan appointed a new chief executive, Makoto Ushida, in an effort to stop the rot, get the company back on track and smooth ruffled feathers at Renault.

The removal of Mr Bolloré - once a close associate of Carlos Ghosn - may also have been intended, at least in part, to heal the rift between the two companies, although it is understood the the poor performance of the business itself was a major factor.

So where does all this leave the Renault-Nissan-Mitsubishi Alliance, collectively one of the world's biggest car manufacturing groups?

The links between them are strong - Renault has a 43% shareholding in the Japanese firm, their logistics networks are heavily intertwined, and they share a range of technology. Unwinding all that would not be easy.

But insiders say the damage done by the upheaval of the past year runs deep within the fabric of both businesses. So keeping them together, and restoring a cordial relationship may not be easy.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Syria to Reconnect to Global Economy After 14 Years of Isolation
Saudi Arabia Faces Uncertainty Over Succession After Mohammed bin Salman
Israel Confirms Arming Gaza Clan to Counter Hamas Influence
Majority of French Voters View Macron's Presidency as a Failure
U.S. Reduces Military Presence in Syria
Trump Demands Iran End All Uranium Enrichment in Nuclear Talks
Iran Warns Europe Against Politicizing UN Nuclear Report
Businessman Mauled by Lion at Luxury Namibian Lodge
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
Head of Gaza Aid Group Resigns Amid Humanitarian Concerns
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
×