Nissan Doesn’t Want The Same Chairman With Alliance Partner Renault

Nissan would resist the appointment of Renault’s new Chairman Jean-Dominique Senard as its own Chairman as well, according to the latest reports.

If its French ally suggests placing Senard as a Chairman at both companies, as it was the case with Carlos Ghosn, Nissan will not support the proposal, according to Bloomberg that cites an inside source with knowledge of the matter.

Former Chairman Carlos Ghosn, who remains jailed in Japan accused of financial misconduct, enforced a common vision for the two automakers and now Nissan is seeking to change the alliance’s governance.

Nissan CEO Hiroto Saikawa has already been critical of Ghosn, saying he had too much authority and made decisions that weren’t in the best interest of Nissan.

“Discussions on this topic will take place after the special committee for improving governance submits its recommendations, and after Mr. Senard has officially joined Nissan’s board,” Nissan said in a statement.

Senard’s first contact with Saikawa has reportedly gone well but Nissan doesn’t want him as their own Chairman because the Japanese company is worried about a conflict of interest. Nissan has a 15 percent non-voting stake in Renault, while the French automaker has a 43 percent voting stake in Nissan.

The French government has a 15 percent stake in Renault and is the company’s most powerful shareholder. Citing another source, the report goes on saying that the French government’s position is to let Nissan’s board to decide its next Chairman.

Nissan is nevertheless going to appoint Jean-Dominique Senard as a director to its board after a shareholder vote on April 8.

  • charlotteharry57

    This is far messier than I thought. I was hoping that Nissan/Mitsubishi could sever ties with Renault, but no way. That’s too bad.

  • ➡️ProtectOurHeritage⬅️

    Both Renault and Nissan benefited from their alliance. Now Nissan want to throw it all away.

  • DetrinKD

    Nissan is playing no games. I think they still respect the alliance, but they don’t want the depth of integration that Ghosn was seemingly forcing with his position and power. Dude was head of everything and had to consult with no one but himself on major decisions. That’s crazy. It also seems the French govt. and Renault, while resistant at first are kind of in agreement of not wanting to be fully integrated/merged or Nissan is making some hella behind the scenes threats about ending the Alliance if they don’t come to terms on a more equal governance.

    I wouldn’t be surprised that after all the business matters are settled, Ghosn is released with a slap on the wrist. I believe his arrest was a coup that was just to take him out of the picture while they reshuffled things around and they know he has incredible influence.

  • Liam Paul

    just more proof this was an coup to get rid of Ghosun , I never really followed him till what nissan and japan did to him. I think it is wrong and I want to see that Ghosun is allowed to fight the charges. I think because he is from another country other than japan, it should be an international court to proceed over the case and he should be released on bail… Japanese are crooked when it comes to business and this again is just more proof.

    • MarketAndChurch

      International courts are almost never a good thing, especially on something like this.

    • Perry F. Bruns

      *Ghosn

  • Some Japanese pride in the game…

  • Kagan

    Well I never understood why Nissan needed Renault at first place! Nissan was coming in the 90:s but then…..

    • Jérémie Brocas

      They were just near bankrupt and Renault put the money to get them back on their feet, classic capitalistic and industrial stuff

    • assassingtr

      Good sports car sales don’t equate to good sales. Their sportscars were good but the rest of their lineup cash cow sales were terrible.

  • Alduin

    Why doesn’t Nissan just sever ties with Renault and focus on them and Mitsubishi already? Renault is the reason Nissan hasen’t made any reliable cars and has made their lineup dull and stale.

    • Stephen G

      You can’t sever ties with someone that owns 43% of you.

    • assassingtr

      I’m sorry, but it isn’t Renaults fault that Nissan has poor sales. They’re keeping them afloat with Infinti sales being embarrassingly poor and Nissan sales falling far behind it’s compeditors; its renault who owns 40% of Nissan who should dissolve more of Nissan into Renault and show them this farce is unacceptable.

  • Lenore

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