Former Renault CEO bollore questioned Nissan's management before being dismissed

Posted 2023-09-20 00:00:00 +0000 UTC

(photo source: Renault group) French newspaper Le Monde reported Monday (December 16th) that Thierry Bollore, former chief executive of Renault, pointed out the so-called conflicts of interest and management problems before he was dismissed in October. According to a letter sent to Nissan's board of directors on October 7, the French newspaper Le Monde said that bollore, who is also a member of the board of directors, raised new questions in response to the internal investigation carried out by the former Renault Nissan Alliance chairman, Glenn. A year ago, after Mr Ghosn was arrested in Tokyo on suspicion of financial misconduct, there was a gap between Nissan and Renault. They also hope to deepen their cooperation by reorganizing their management team, including removing Mr Ghosn's "peers" and dismissing several executives at the time of the scandal. Despite the close relationship between bollore and Ghosn, bollore was promoted to Renault after Ghosn's arrest, but was finally dismissed on October 11, just after the letter was submitted. In a response released to the media, Nissan spokesman Azusa Momose denied that there was an illegal act in the internal investigation of the ghorn incident, adding that after receiving bollore's letter, Nissan also sorted out the process of the investigation again. "Nissan's independent directors confirmed that the investigation process was reasonable and could be used as a basis for judgment," said Momose Nissan directors discussed bollore's allegations, but Nissan concluded that bollore's concerns were unfounded and based on false information and speculation. Bollore said in a letter that he began to worry after exposing 80 Nissan executives for financial misconduct similar to the Ghosn case. In addition, he pointed out the problems of Nissan's internal administrative system, saying that some key members of the board sometimes knew nothing about internal affairs. Renault is still looking for a replacement for bollore, and the group has not responded. Nissan recently reduced the position of senior vice president Hari Nada, a key prosecutor of the ghorn case, after replacing its chief executive, who was questioned in bollore's letter. But no evidence of misconduct was found in Nissan's internal investigation.

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