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Renault-Nissan-Mitsubishi alliance announces plan to create new operating board

March 13, 2019, 02:35 PM IST by Venkat Desirazu
Renault-Nissan-Mitsubishi alliance announces plan to create new operating board

-    Jean-Dominique Senard will act as Chairman of this new operating board of the Alliance, with the CEOs of Nissan, Renault, and Mitsubishi Motors also joining the board.

The Renault-Nissan and Mitsubishi alliance has announced its intention to create a new operating board. An official statement from the alliance says that they will drive the operational cooperation between Nissan, Renault and Mitsubishi Motors and look for new ways to generate value for its respective shareholders and employees.

To lay the foundations of the new development stage of the Alliance, the new board will be composed of Jean-Dominique Senard, chairman of Renault, who will also act as Chairman of the new Alliance operating board. He will be joined by Hiroto Saikawa, Thierry Bolloré and Osamu Masuko the CEOs of Nissan, Renault and Mitsubishi Motors. The operating decisions taken by the alliance board will be consensus-based, furthering the Alliance’s “win-win” approach.

The new alliance board will be the sole body overseeing the operations and governance in the Alliance among Renault, Nissan and Mitsubishi, in lieu of RNBV and NMBV. As such, it will be the face and primary driver of the Alliance’s “New Start”. The definitive agreements will be signed in conjunction with the anniversary of the Alliance.

The move to create this new operating board comes in the wake of the arrest of alliance chairman Carlos Ghosn’s arrest in late 2018 over alleged misuse of company funds. The investigation in this regard is ongoing.There is no word as yet as to how these changes will affect the Indian operation of the alliance. We have reached out to the respective automakers and will update you with their statements when we receive them.

Tags:Renault,renault duster,Duster
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