France seeks Renault board meeting to replace CEO Ghosn - sources

Reuters  |  PARIS 

By and Gilles Guillaume

PARIS (Reuters) - The is moving to dismiss Renault's Carlos Ghosn, and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter told

is set to convene a meeting of its nominations committee, followed by a full board session on Sunday Jan. 20, according to three people briefed on the process.

France, Renault's biggest shareholder, had until now supported its decision to keep Ghosn in office while he awaits trial in for alleged misconduct at <7201.T>, the French carmaker's alliance partner he also chaired.

The move follows a decision by the earlier on Tuesday to deny Ghosn's request for release on bail.

(Reporting by Laurence Frost; Editing by and Jan Harvey)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 16 2019. 02:17 IST