Renault has appointed former Michelin CEO, Jean-Dominique Senard, as its new chairman following the resignation of Carlos Ghosn.
Ghosn, who held the roles of chairman and CEO until his resignation this week, was arrested in Japan last November over allegations of financial impropriety. He strongly denies any wrongdoing but, following a period of over two months in jail, has finally stood down from his position at the top of Renault.
The board of the French car manufacturer met on Thursday to discuss a new leadership structure and decided to split the roles of chairman and CEO between two individuals.