Thierry Bollore became temporary manager of Renault – Economy and Business

PARIS, November 20. / Tass /. Thierry Bollore was named Tuesday's Interim President-General of Renault. Philippe Lafayette was elected Chairman of the Board of Directors. The decision taken at the extraordinary Council meeting was echoed in Echos.

Bollore previously served as Deputy CEO and Chief Executive Officer of Renault. Lafayette was one of the leading French carmaker managers.

Economy and Finance Minister Bruno Le May said that due to the detention of Carlos Gon and his accusations against him in Japan "he will not have the opportunity to lead society." The Minister therefore called for the "creation of a temporary management" to ensure the management of the company. At the same time, the Minister stressed that due to the presumption of innocence and the fact that the French tax authorities had no information that Gon had violated the law, he would remain at Renault for the duration of the trial.

Bruno Le Mayor also stressed that the role of the French state is "to ensure the stability of Renault's position" and to "consolidate the alliance" of the company with the Japanese company Nissan.

64-year-old Ghosn and Nissan Greg Kelly, a member of the board of directors, were arrested Monday by an attorney's office in Tokyo's prosecutor's office who suspected they were violating Japanese financial laws. It is claimed that in five years, Carlos Ghosn received Nissan's reward of roughly 10 billion yen (almost $ 89 million). At the same time, he declared about half the tax. Nissan officially recognized the violation attributed to Gon and Kelly.

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