The Board of Directors of Renault on Friday “decided to end the mandate of Mr. Thierry Bolloré as Chief Executive Officer of Renault SA and President of Renault s.a.s with immediate effect.” (Renault Board Confirms Expenses Improperly Used by Ghosn)
The final findings of the Joint Audit Mission that was commissioned with Nissan regarding their mutually owned subsidiary RNBV showed several expenses incurred by RNBV for a total of ~€11 million include questionable air travel expenses for Mr. Ghosn; other expenses incurred for Mr. Ghosn; and gifts to non-profit organizations.
Renault’s Thierry Bolloré is the latest casualty in the ongoing Carlos Ghosn scandal that saw the forced resignation of Hiroto Saikawa as representative executive officer and CEO of Nissan, as of September 16.
The Carlos Ghosn matter has turned into farce as investigations into Nissan and its JVs with Renault 0n corporate governance practices post Carlos Ghosn revealed layers of incompetence and/or malfeasance, as well as various degrees of criminal activity that are rarely observed in western corporations. (Was 2008 the Year When Carlos Ghosn Went Rogue? Ghosn’s Former Speechwriter on What He Did for Nissan – And What That Did to Him)
The Renault Board of Directors also decided to appoint Ms. Clotilde Delbos as Chief Executive Officer of Renault SA for an interim period, until a process is completed to appoint a new Chief Executive Officer.
The Board of Directors gave a “favorable opinion on the appointment of Olivier Murguet and José-Vicente de los Mozos as Deputy Managing Directors to assist Mrs. Clotilde Delbos in her duties.” In addition, Jean-Dominique Senard will assume the presidency of Renault s.a.s during this interim period.
Clotilde Delbos graduated from EM Lyon.
- She began her career in California, then at Price Waterhouse in Paris before joining the Pechiney Group in 1992. She held various positions in France and in Brussels in Internal Audit, Treasury and Mergers & Acquisitions to then become Division Financial Director (Bauxite Alumina and International Trade). After Pechiney’s acquisition by Alcan, Clotilde Delbos served as Vice President & Business Finance Director of the Engineered Products Division from 2005 up until it was sold in 2011 to Apollo Global Management (Private Equity Fund) and the Fonds Stratégique d’Investissement. In the new company, Constellium, her last two positions were Deputy CFO and Chief Risk Officer.
- Clotilde Delbos joined Groupe Renault in 2012 as Group Controller. On May 1, 2014, she was appointed Alliance Global Director, Control, in addition to her current role as Senior Vice President, Groupe Renault Controller.
- On April 25, 2016, Clotilde is appointed Executive Vice President, Chief Financial Officer of Groupe Renault. She also became Chairman of the Board of Directors of RCI Banque.
- On April 1, 2019, Clotilde Delbos , Executive Vice President, Chief Financial Officer of Groupe Renault and Chairman of the Board of Directors of RCI Banque, takes over the responsibility of Internal Control on top of her current role. She is a member of the Groupe Renault Executive Committee.
Olivier Murguet graduated from ESCP-EUROPE Business School.
- He joined Renault in 1990, working for the Renault Portuguesa Control Division, and subsequently held different management positions at the Sales & Marketing Division in France.
- In 1996, he was appointed Sales Director for Brazil, and in the year of 2001 Sales Director for France, the leading market of the Group. Later on, he held MD positions in Poland, Spain and Mexico successively.
- In 2012, he was appointed Groupe Renault CEO for Brazil.
- In April 2015, Olivier Murguet was nominated Chairman for the Americas region.
- On 1 November 2018, Olivier Murguet is appointed Executive Vice President, Sales & Regions of Groupe Renault. He is a member of the Groupe Renault Executive Committee.
José-Vicente de los Mozos graduated from Polytechnic University of Madrid (aerospace engineering) and holds a master’s degree in production technics (CESEM business school, Madrid) and an executive degree program from Stanford University.
- He joined Renault in 1978 as an apprentice, before becoming part of the engineering team at the body assembly plant in Valladolid. In 1993, he relocated to France where he occupied a number of positions of responsibility with Renault’s Engineering division. He returned to Spain as head of the press shop at the Valladolid body assembly plant before becoming head of the press shop and body assembly department at the Palencia plant.
- In 2003, José-Vicente de los Mozos Obispo joined Nissan Motor Ibérica in Barcelona, as deputy managing director, before becoming managing director of Nissan Motor Ibérica in 2005. One year later, he became Vice President in charge of Nissan industrial operations in Spain.
- In September 2008, he joined FICOSA (automotive supplier), as Chief Operating Officer (COO) of the Automotive department, a position he held until October 2009.
- José-Vicente de los Mozos Obispo then returned to Renault in January 2012 where he was appointed Vice President, manufacturing assembly plants, a post held alongside that of CEO of Renault Spain.
- On September 2013, José-Vicente de los Mozos Obispo was appointed Executive Vice President, Manufacturing and Supply chain of Groupe Renault. On September 2016, he was also appointed head of the Groupe Renault Health, Safety and Environment (HSE) Department.
- On 1 April 2018, José-Vicente de los Mozos is appointed Deputy Alliance Executive Vice President, Manufacturing and Supply Chain Operations 1 and Executive Vice President, Manufacturing and Supply Chain of Groupe Renault. He is a member of the Groupe Renault Executive Committee.
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Ghosn Shakeout is Ongoing as Thierry Bolloré, CEO Renault SA, is Fired by the Board of Directors
The final findings of the Joint Audit Mission that was commissioned with Nissan regarding their mutually owned subsidiary RNBV showed several expenses incurred by RNBV for a total of ~€11 million include questionable air travel expenses for Mr. Ghosn; other expenses incurred for Mr. Ghosn; and gifts to non-profit organizations.
Renault’s Thierry Bolloré is the latest casualty in the ongoing Carlos Ghosn scandal that saw the forced resignation of Hiroto Saikawa as representative executive officer and CEO of Nissan, as of September 16.
The Carlos Ghosn matter has turned into farce as investigations into Nissan and its JVs with Renault 0n corporate governance practices post Carlos Ghosn revealed layers of incompetence and/or malfeasance, as well as various degrees of criminal activity that are rarely observed in western corporations. (Was 2008 the Year When Carlos Ghosn Went Rogue? Ghosn’s Former Speechwriter on What He Did for Nissan – And What That Did to Him)
The Renault Board of Directors also decided to appoint Ms. Clotilde Delbos as Chief Executive Officer of Renault SA for an interim period, until a process is completed to appoint a new Chief Executive Officer.
The Board of Directors gave a “favorable opinion on the appointment of Olivier Murguet and José-Vicente de los Mozos as Deputy Managing Directors to assist Mrs. Clotilde Delbos in her duties.” In addition, Jean-Dominique Senard will assume the presidency of Renault s.a.s during this interim period.
Clotilde Delbos graduated from EM Lyon.
Olivier Murguet graduated from ESCP-EUROPE Business School.
José-Vicente de los Mozos graduated from Polytechnic University of Madrid (aerospace engineering) and holds a master’s degree in production technics (CESEM business school, Madrid) and an executive degree program from Stanford University.
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