Renault-Nissan to pursue plans to split up various management roles: Carlos Ghosn
Last June, Reuters reported that Ghosn was recruiting a new operational second-in-command for the Renault-Nissan carmaking alliance
Renault-Nissan is to pursue its plans of splitting up management roles between those dealing with strategic matters and those handling more operational affairs, said Renault boss Carlos Ghosn.
"Regarding corporate governance, you will see changes in terms of separating the responsibilities of those dealing with Renault, with Nissan, with Mitsubishi and with the overall alliance," Ghosn told a French parliamentary finance commission on Wednesday.
Last June, Reuters reported that Ghosn was recruiting a new operational second-in-command for the Renault-Nissan carmaking alliance, in a move designed to prepare his own succession and advance the companies` integration.
French newspaper Les Echos also reported in December that Renault had started interviewing possible candidates to replace chief executive Ghosn when his term expires.
Ghosn told the French parliamentary commission that the future regarding his role at Renault depended on the company`s strategic plans and roadmap.
Ghosn added on Wednesday that questions regarding the French state`s role in Renault was one for the state to answer, although he added that the French government played a key role regarding the health of the country`s car industry.
Last November, the French government began the sale of 4.73 percent of Renault, paring its holding back to the 15 percent level that preceded a 2015 power struggle with Ghosn, and removing a residual irritant in their relationship.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
05:57 PM IST