ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Nissan's Ghosn crisis

Renault says Ghosn to resign from board in June

Announcement comes as report details 'questionable' expenses

Carlos Ghosn presents Renault vehicles at the Paris Auto Show in 2018.   © Reuters

PARIS -- Renault has accepted former Chairman and CEO Carlos Ghosn's decision to step down as a director, the last of his posts at a member of a leading global auto alliance, the French automaker said on Wednesday.

Ghosn will resign his directorship at a June 12 general shareholders meeting, Renault said in a statement.

The announcement came on the same day that Renault's board said certain expenses incurred by Ghosn "involve questionable and concealed practices and violations of the Group's ethical principles."

The findings came in a report prompted by the auto executive's arrest last year in Japan on charges of misreporting his compensation at alliance member Nissan Motor. Japanese prosecutors are said to be weighing new charges against the Brazilian-born Frenchman in connection with payments to an associate in Oman.

Ghosn, who has been released on bail ahead of a trial in Japan, was stripped of his positions at Nissan and Mitsubishi Motors last year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media