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Statement regarding management changes at Alliance partner Renault

Nissan welcomes the Renault board of directors’ appointment of Jean-Dominique Senard as chairman and Thierry Bolloré as CEO

Nissan Motor Co., Ltd. welcomes the Renault board of directors’ appointment of Jean-Dominique Senard as chairman and Thierry Bolloré as CEO.

Following these management changes at Renault, Nissan has begun preparations to hold an extraordinary general meeting of shareholders, targeting mid-April 2019. The agenda is to be limited to the discharge of directors Carlos Ghosn and Greg Kelly, and the appointment of a new director to be nominated by Renault.

Nissan CEO Hiroto Saikawa said: “We welcome these management changes at Renault. Over the past 20 years, each company has respected the other’s identity and autonomy, and by combining our strengths we have created synergies and achieved profitable growth. These mutually beneficial activities will not change in any way; in fact, we believe they need to accelerate. We are very pleased to be able to open a new chapter in our historic partnership.”

Nissan is eager to work with Renault’s new leadership and will face the automotive industry’s challenging landscape alongside its Alliance partners, Renault and Mitsubishi Motors.

SOURCE: Nissan

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