Renault confirms Carlos Ghosn as his top manager and ensures that his salary is legal




Renault has today confirmed Carlosa Ghosn as Chief Executive Officer of the French Automobile Group and assured that the salary of the Chief Executive Officer who is imprisoned in Japan is legal.

The board of multinationals, however, stated that the company will continue to examine the elements of suspicion that Nissan has transferred – a company starting from an alliance with Mitsubishi.

On November 19, Nissan's and Renault's CEO was arrested in Japan for alleged embezzlement. Several days later, Nissan took him out of the office, and the Japanese Mitsubishi followed the same steps.

Leaders of these companies thought it was very difficult to keep the 64-year-old Brazilian Executive Director in office. Japanese justice accuses him of minimizing his income by about $ 38 million for five years while he was in charge of Nissan.

On Monday, the Japanese prosecutor's office formally accused Nissan's former manager and also filed a lawsuit against the vehicle manufacturer for allegedly responsible for a financial scandal.

Ghosn joined Renault in 1996 as Executive Vice President of Purchasing. He joined Nissan in 1999, and in 2001 he was CEO of the company, transforming himself into the fourth foreigner in the management of the Japanese automotive industry.


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