Renault-Nissan seeks Ghosn heir to drive integration

Asre Khodro - Renault-Nissan boss Carlos Ghosn is recruiting a new operational second-in-command for the carmaking alliance, company sources told Reuters, in a move designed to prepare his own succession and advance the companies' integration.

Saturday 10 June 2017 - 10:18:00

Renault-Nissan seeks Ghosn heir to drive integration

Reporting "Asre Khodro", Under the plan, the currently separate chief competitive officer (CCO) roles at Renault and Nissan would be fused into a single position at the 18-year-old alliance's helm, the sources said.

Nissan Chief Performance Officer Jose Munoz and CCO Yasuhiro Yamauchi are seen internally as strong contenders, they said, along with Stefan Mueller, Munoz's counterpart at Renault.

Ghosn, 63, aims to fill the new post later this year, backed by further steps to combine Renault and Nissan manufacturing, research and development and other key activities.

"He's already preparing the next stage," one of the people said. "The process is underway."

A Renault-Nissan spokeswoman declined to comment.

Brazilian-born Ghosn recently stepped back from his role as Nissan chief executive officer but remains CEO at Renault, where his contract ends in 2018. He still serves as chairman of both carmakers as well as Nissan-owned Mitsubishi Motors.

Ghosn has repeatedly tussled with Renault's biggest shareholder, the French state, over the future of the company and its 44 percent stake in Nissan.

For years, he sang the praises of a consensual, arm's length approach to cooperation - often invoking the long list of failed auto deals to explain why a merger was a bad idea. Renault and Nissan are currently targeting 5.5 billion euros ($6.2 billion) in joint savings, or 3.8 percent of combined sales.

But the tone changed in February, when Ghosn suggested the carmakers would be ready for a full tie-up if only France sold its near-20 percent Renault holding.

Nissan "will not accept any move on capital structure as long as the French state remains a shareholder," Ghosn said as he presented Renault's 2016 earnings. "The day the French state decides to get out, everything is open, and I can tell you it won't take too much time."

The new CCO hiring process began around the same time, the sources said, with senior executives at both companies vying for what is likely to be an internal appointment.

Senior alliance appointments are beset by the same cultural and political sensitivities that have held back integration. Being neither French nor Japanese could be a diplomatic edge for Munoz or Mueller, respectively Spanish and German.

Renault CCO Thierry Bollore is considered a long shot, the sources added. Bollore, 54, has played a prominent role in publicly defending the company against diesel fraud allegations that remain under investigation by French prosecutors.

Nissan CEO Hiroto Saikawa will likely stay in the role he inherited in April, with Ghosn also remaining Renault CEO "for an initial period". Ghosn, who has run Nissan since 1999 and its French parent since 2005, is expected to continue presiding over the alliance from one or more chairman roles.

The other changes will see Renault and Nissan departments folded into alliance teams that were created in 2014 across four key areas, the same people said: manufacturing and supply chain; research and development; purchasing; and human resources.

"We'll see convergence efforts in the same fields," said one. "But they are stepping up a notch."

Renault shares were up 0.8 percent at 84.30 euros as of 0840 GMT on Wednesday.



برچسب ها

مطالب مرتبط بیشتر
Renault Exports to Iran Rises by 83% Renault's Plan for Iran Auto Market Achievements of Renault’s investment in Iran auto industry Renault has reached to the top market for imported cars in Iran SUVs Dominating Iran Car Market Renault adds local engine plant to Iran JV agreement Renault Sets Up New Iran Partnership Amid U.S. Trade Tensions Groupe Renault signs a new joint venture in Iran Renault started launching in Saveh Iran's contract with Renault was signed Who won signs the contract of the largest investment in the Iranian automotive industry? Producing of 150,000 vehicles in the first phase with investments of 660 million euros Negin Khodro ended the Korean monarchy in Iran's car market Two French Carmakers Moving Ahead at Full Speed The last Breathtaking Moments of the Largest Investment Contract in Iran's Automotive History The most advanced ABS brake line in Iran is launched The partnership agreement with Renault is in the final stages of the work The Unending Saga of ‘Localization’ in Iran Auto Industry PSA hires Renault-Nissan exec to lead push in Africa Iranian Firm to Introduce New Megane Groupe Renault senior management appointment Renault Iran Chief Taking Over Reins at Nissan India Revenues increase 25.2% in the first quarter UPDATE 1-Renault revenue lifted by new models, Lada consolidation Iran Dedicated Training Center to be Operational by the End of the Current Year IDRO, Renault Deal in the Offing Nissan makes two key appointments in region Renault Imports to Iran Increase 110% Renault Reportedly to Operate Independently The Renault Kwid at 3,500 euros, the keys to success Renault-Nissan sales close to 10 million in 2016 Join our daily free Newsletter Renault boasts record year despite diesel probe Iran to Finalize Deal with Renault in Weeks: Minister IDRO signs 19 MOUs with giant automakers in post-sanction era Iran stars as Renault powers to record 2016 sales Renault Duster May Be Obsolete Renault Trucks, Arya Diesel Motors Sign 2 Agreements Renault Trucks signs two agreements with Iranian importer Arya Diesel Motors Renault’s 11-month sales to Iran up 146% yr/yr Renault Brands in Iran Auto Show Groupe Renault: third quarter revenue up 13 per cent Renault Sales in Iran Up by 127% in September Renault Kwid spotted in Iran, to be manufactured locally Renault Looks to Grow Automotive Presence in Iran Renault signs MoU with Iran to create new joint venture Renault Trucks appoints new president for Greater Middle East region Rise of Koreans! Record Registrations for Groupe Renault in H1 2016 Renault to enter Iran’s car market with 5 new products Renault’s Iranian market share rises 7-fold in post-sanction era Renault eyes launching new production lines in Iran Iranian automaker to sign contract with Renault FCA, PSA, Renault eye deals as Iran president tours EU Iran's President says Peugeot, Renault deals possible on Europe trip Franco-Japanese auto giant keen on Iran expansion Renault November sale to Iran skyrocketed Renault-Nissan's French peace deal leaves investors underwhelmed Renault’s one-month sales to Iran up 2.5 folds yr/yr Renault Sandero assembly line launched in Iran French carmakers duel over Iran Renault Symbol unveiled in Iran Renault never left Iran during sanctions
Back to top