Nissan taps new Renault boss to replace Ghosn on board

Japan’s Nissan said yesterday that its board has nominated the new boss of Renault to replace Carlos Ghosn, who is in detention facing charges of financial misconduct. The decision to turn over Ghosn’s board seat to Jean-Dominique Senard must still be ratified by shareholders, and the company said it had set an April 8 date for an extraordinary shareholders’ meeting.

Nissan said the shareholder meeting would be limited to discussion of Senard’s nomination and the official removal of Ghosn and his right-hand man Greg Kelly from the board. Ghosn and Kelly were sacked from the board after their arrest on November 19 but a special shareholders’ meeting is required to remove them officially.

Senard’s nomination doesnot mean he will replace Ghosn as chairman at Nissan. The automaker is still searching for a re- placement and is not expected to announce a decision before June. The firm has not announced plans to replace Kelly on the board.