Monday , January 25 2021

Bolloré moves from Ghosn to Renault, fears for an alliance with Nissan

The 55-year-old Mr. Bollore, whom Mr. Gosse chose as his right-wing man last February, received the “interim” executive leadership of the group and therefore will have the “same powers” ​​as the CEO, who remains his message, but whose council could only discover that he was "temporarily prevented."

The Council also indicated that it will meet regularly under the chairmanship of the leading director of Philip Lagayette, in order to preserve the interests of Renault and ensure the stability of the Alliance "with the Japanese manufacturers Nissan and Mitsubishi,

This unsurprising appointment of Mr. Bollor confirms the wish stated earlier on Tuesday by the French Minister of Economy Bruno Le Meir to immediately establish a temporary position at the head of the manufacturer, which he owns 15% of the shares.

If, in its current form, Goss officially maintains his position at Renault, the board of directors of Nissan will vote for him, dismissing his president on Thursday morning. Mitsubishi Motors (MMC) also intends to "quickly leave."

Released on all sides, Carlos Ghosn, regarded in 64 as one of the most influential industrial captains in the world, is still contained in Tokyo, where he was arrested on Monday from his private jet.

The Japanese prosecutor accuses the Franco-Lebanese-Brazilian of “conspiring to minimize his compensation five times between June 2011 and June 2015”, claiming only 4.9 billion Yen (about 37 million Euros) against almost over this period 10 billion yen.

In an unusually brutal press conference, Nissan executive chairman Hiroto Saikawa also mentioned on Monday "many other thefts, such as using company property for personal gain," allegedly discovered after several months of internal investigation.

It is said that Mr. Ghosn, according to the NHK public channel, earned the amounts announced on behalf of other directors.

On Tuesday evening, the Renault board of directors asked Nissan to “send him all the information at his disposal, in the framework of internal investigations that Mr. Ghosn was subjected to,” stating that he was not “capable” to approve the material that Nissan and the Japanese judicial the authorities will be against Mr. Gon. "

The reward of this boss, as powerful as a secret one, has already caused a lot of controversy, while his lifestyle has also been able to elicit comments, such as, for example, his wedding reception with great pomp in the Palace of Versailles 2016.

Carlos Ghosn earned about 15 million euros a year for his various positions, which is especially important for a European or Japanese industrialist, although far from huge salaries, for example, in the field of finance in the United States.

In addition to Mr. Gosn’s personal fate, this is the entire Renault-Nissan-Mitsubishi Motors alliance, which he organized a fragile balance, which was smashed as a result of this thundering blow.

The case occurs at a time when the general director of all 10.6 million cars was working, according to the Financial Times, a merger between Renault and Nissan, an operation that the Japanese manufacturer rejected and tried to block, fearing that it would not engrave its “second order” status in marble. "In structure, always according to daily.

Mr. Ghosn wanted to make links “irreversible” between Renault and Nissan, commented SMBC analyst Nikko Securities in a Kentaro Harada article.

"We cannot rule out that the alliance will be weakened." “Whether this change in the balance of power (between the French and Japanese parties) will be the main problem,” he said.

The rating agency Standard and Poor & # 39; s also announced on Tuesday that it plans to downgrade Nissan's long-term debt rating, especially because of doubts about the marriage with three. On Tuesday evening, the board of directors of Renault said it shares "the support expressed by the leadership of Nissan in the development of the Renault-Nissan-Mitsubishi alliance, which remains the priority of the Group."

Similarly, the French and Japanese governments reaffirmed on Tuesday a joint statement about their "important support" of this alliance.

In Paris, the Renault title ended on Tuesday, dropping 1.19% after having unscrewed more than 8% on Monday.

Shares of Japanese automakers suffered on Tuesday in Tokyo, ending 5.45% for Nissan and 6.84% for MMC.

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