Renault Chairman Jean-Dominique Senard will soon step down from Nissan's board of directors, according to people familiar with the matter, continuing a broader leadership shakeup at the Japanese automaker after its failed attempt to merge with Honda.
Another Renault representative, Pierre Fleuriot, will also resign from Nissan’s board, and the French automaker will appoint replacements for both, the people said, who asked not to be identified because the matter is private.
Spokespeople for Nissan and Renault didn’t immediately comment.
Renault’s new appointees will get a say in key decision-making as new CEO Ivan Espinosa attempts to fix Nissan’s finances and secure partnerships that would stabilize the company.
Honda and Nissan formally ended their merger talks in February. Both directors had opposed Nissan’s plan to combine with Honda, the people said.
Senard, 72, said in March that the failed deal was "extremely rapid, a little brutal,” and not in Renault’s interest. The French company remains Nissan’s largest shareholder even as the carmakers gradually loosen their decades-long alliance.
Nissan has been looking for lifelines amid cratering sales in the U.S. and China. The company is cutting jobs and production ahead of a record debt bill coming due next year. Espinosa this month replaced Makoto Uchida as CEO amid a broader management reshuffle that also included the appointments of new technology and production chiefs.
Nissan has stumbled from one crisis to another since the 2018 ouster of Carlos Ghosn, the former chairman who pulled the carmaker out of its last brush with extinction some 26 years ago.
Senard joined Nissan’s board in 2019 following Ghosn’s arrest. He held sway over Nissan’s push to improve corporate governance and reshape its leadership team, including its shift to a new supervisory committee structure. Fleuriot, 71, joined Nissan’s board in 2020.
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