Renault refrains from ousting Ghosn

PARIS — Embattled Carlos Ghosn will keep his posts as Renault chairman and CEO, the automaker’s board decided Tuesday.

Renault COO Thierry Bollore was appointed deputy CEO, having the same powers as Ghosn, the board decided.

The board’s highest-ranked independent director, Philippe Lagayette, will chair its meetings for the time being, Renault said .

Bollore, 55, has been seen as Ghosn’s heir apparent at Renault since February when he was promoted to COO.

The soft-spoken French national from Brittany joined Renault in 2012 from supplier Faurecia, where he rose through the ranks to become vice president with responsibilities for global industry, quality and packaging. He started his career at tiremaker Michelin, working there for a number of years at the same time as Ghosn, who has called Bollore a “good candidate” to become Renault CEO.

Lagayette, 75, has been on Renault’s board since 2007 and leads the audit, risks and ethics committee as well as being part of the grouping that oversees executive compensation.

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