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WRAPUP 5-Renault names Ghosn stand-ins amid tension over Nissan probe [Reuters]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: Reuters
Renault names Ghosn stand-ins amid tension over Nissan probe | Reuters 6 Min Read PARIS/TOKYO (Reuters) - French carmaker Renault tapped its chief operating officer and a senior board member to fill in for embattled boss Carlos Ghosn, after an investigation by alliance partner Nissan led to his arrest on suspicion of financial misconduct. Thierry Bollore, Ghosn’s operational second-in-command, will become deputy chief executive, while lead independent director Philippe Lagayette assumes the function of interim chairman, Renault said after a board meeting late on Tuesday. But the board refrained from firing Ghosn while awaiting more detail on the allegations - in a decision that could also buy more time for an accelerated, permanent succession process. “Mr. Ghosn, temporarily incapacitated, remains Chairman and Chief Executive Officer,” Renault said in a statement. “During this period, the board will meet on a regular basis under the chairmanship of the lead independent director.” Ghos Show less Read more
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