Renault board to meet, as CEO denounces potential exit as 'coup'

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Renault board to meet, as CEO denounces potential exit as 'coup'
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Renault SA's CEO, Thierry Bollore, denounced as a 'coup' his pote...

) CEO, Thierry Bollore, denounced as a “coup” his potential exit from the French carmaker, which has called a board meeting on Friday to discuss governance matters.

“The brutality and the totally unexpected character of what is happening are stupefying ... This coup de force is very worrying,” Bollore said. Le Figaro newspaper reported that Chairman Jean-Dominique Senard was poised to kick off a process to replace Bollore. He avoided going into further details, however, saying only that he had met with Senard earlier on Thursday, and referred all matters to the board.

Bollore, for a long time Ghosn’s right-hand man, was promoted to help steady Renault earlier this year, while Senard was hired from Michelin to chair the group.

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