logo
New Delhi
New Cars
New Bikes
Used Cars
Go Green with EV
News & Reviews
Trending on c&b
Sell Your Car
Scrap Your Car
Pre-Delivery Inspection

Registered Office

ADDRESS
Mahindra First Choice Wheels Limited, 602, 6th Floor, Tower - B, Embassy 247, LBS Road, Vikhroli (West), Mumbai - 400083
CONTACT
+91 9606045096
EMAIL
contact@carandbike.com

Who We Are

About UsMerger Scheme CopyNCLT OrderInvestor RelationsTerms and ConditionsPrivacy Policy

Follow Us On

car&bike Youtubecar&bike Twittercar&bike Facebookcar&bike LinkedIn
© Mahindra First Choice Wheels Limited 2025. All rights reserved.

Our Offerings

  • New Cars
  • New Bikes
  • Electric Cars
  • Electric Bikes & Scooters
  • Used Cars
  • Compare Cars
  • Compare Bikes
  • Sell Car
  • Scrap Car
  • Pre Delivery Car Inspection

News & Reviews

  • Latest News
  • Car News
  • Bike News
  • car&bike Reviews
  • Car Reviews
  • Bike Reviews
  • Videos
  • Knowledge Center

Popular Car Brands

  • Maruti Suzuki
  • Tata
  • Hyundai
  • Honda
  • Mahindra
  • Kia
  • BMW
  • Volkswagen
  • Mercedes
  • Land Rover

Popular Car Models

  • Mahindra Thar
  • Kia Seltos
  • Land Rover Defender
  • Hyundai Exter
  • Grand Vitara
  • Toyota Innova Crysta
  • Kia Sonet
  • Range Rover
  • Toyota Fortuner
  • Maruti Suzuki Dzire

Popular Bike Brands

  • Royal Enfield
  • Hero
  • Yamaha
  • BMW Bikes
  • Jawa
  • Honda
  • Bajaj
  • Ola Electric Bikes
  • KTM
  • Harley Davidson

Popular Bike Models

  • Yamaha MT 15
  • Classic 350
  • Royal Enfield Hunter 350
  • Continental GT 650
  • Bajaj Pulsar 150
  • Hunter 350
  • Honda SP 125
  • Bullet 350
  • YZF R15 V4.0
  • Bajaj Pulsar 125
  • Latest News
  • Latest Reviews
  • Car News
  • Bike News
  • Car Reviews
  • Motorsport
  • Bike Reviews
  • Electric

Renault Board Member Quits Ahead Of CEO Succession Meeting

Desmarest's exit comes amid renewed tensions between Renault and the French government, which has been pressing Ghosn to recruit a second-in-command who could one day succeed him at the helm of the Renault-Nissan alliance.
Reuters
Reuters
1 min read
2018-02-13 01:17:27
Follow us on
Renault Board Member Quits Ahead Of CEO Succession Meeting

Senior Renault board member Thierry Desmarest has resigned from the French carmaker, sources told Reuters, days ahead of a meeting at which Chief Executive Carlos Ghosn is asking directors to back his chosen successor's appointment. Desmarest's exit comes amid renewed tensions between Renault and the French government, which has been pressing Ghosn to recruit a second-in-command who could one day succeed him at the helm of the Renault-Nissan alliance.

Former Total CEO Desmarest, whose mandate runs until 2020, told Renault early last week that he was stepping down early, people familiar with the matter said.

His exit closely follows that of Chief Performance Officer Stefan Mueller, which cleared the way for Ghosn to propose his other deputy, Thierry Bollore, as chief operating officer and heir apparent.

A spokeswoman for the French oil giant, where Desmarest remains honorary chairman, declined to comment. The company did not respond to Reuters' requests to speak to him directly.

A Renault spokesman said: "We do not comment on rumours and speculation." A French government spokesman did not return calls seeking comment.

At least two directors - other than Desmarest - have raised concerns about the recruitment process and its outcome, sources told Reuters.

"External candidates were not so much as considered," said a person with knowledge of the matter, even when profiles such as Toyota second-in-command Didier Leroy were put forward by recruitment firms.

Renault placed Bollore atop its shortlist at the start of the process and blocked attempts by the external advisers to bring Mueller, a German-born BMW veteran, into serious contention, the source said.

Differences

Desmarest, 72, had in any case planned to withdraw from the Renault board after the next shareholder meeting in June, a person close to the former oilman told Reuters. He had served on Renault's board for a decade and chaired its strategy committee.

"It was going to happen anyway," the person said. "This is not motivated by polemics or the Ghosn situation."

But the carmaker hurriedly circulated a draft statement among board members on Friday, attributing Desmarest's sudden exit to a discovered conflict of interest, two sources said.

"He's a very discreet man and he'll go without making a noise," said one, adding that Desmarest may attend Thursday's meeting but abstain from voting on Bollore's nomination. "His goal is not to vote and not to be associated with this."

Ghosn, 63, had earlier been expected to hand over the reins to a new chief executive and move to a new role overseeing Renault, Nissan and Mitsubishi's three-way carmaking alliance.

But the plan foundered on differences with the French state over the alliance's future shape and direction. Renault currently holds 43.4 percent of Nissan, which in turn controls Mitsubishi Motors via a 34 percent stake.

Renault now plans to propose Ghosn's reappointment as CEO to the June shareholder meeting.

Both sides have been seeking to avoid a repeat of a bitter 2015 clash in which France raised its Renault stake to swing a shareholder vote and secure double voting rights.

The government had also pushed unsuccessfully for a full Renault-Nissan merger on terms that would safeguard French industrial interests.

(Reporting by Laurence Frost, additional reporting by Michel Rose; Editing by Geert De Clercq and Georgina Prodhan)

© Thomson Reuters 2018

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

# Renault# Thierry Desmarest# Cars

Related News

New Renault Kwid E-Tech Revealed: Gets ADAS, 250 Km Range
2 mins read
New Renault Kwid E-Tech Revealed: Gets ADAS, 250 Km Range
Renault Kwid 10th Anniversary Edition Launched: Entry Hatchback Updated With More Safety Features
1 min read
Renault Kwid 10th Anniversary Edition Launched: Entry Hatchback Updated With More Safety Features
2025 Renault Kiger Facelift Variants Explained
1 min read
2025 Renault Kiger Facelift Variants Explained
Renault Kiger Facelift Launched In India At Rs 6.30 Lakh
3 mins read
Renault Kiger Facelift Launched In India At Rs 6.30 Lakh
New Renault Triber Launch LIVE Updates: Price, Features, Specifications, Images
2 mins read
New Renault Triber Launch LIVE Updates: Price, Features, Specifications, Images

Popular Renault Models

  • Renault Triber
    Renault
    Triber
    Ex-showroom Price
    ₹ 6.14 - 9.42 Lakh
  • Renault Kiger
    Renault
    Kiger
    Ex-showroom Price
    ₹ 6.14 - 11.73 Lakh
  • Renault Kwid
    Renault
    Kwid
    Ex-showroom Price
    ₹ 4.29 - 5.9 Lakh

Latest Cars

  • Skoda Octavia RS
    Skoda
    Octavia RS
    Ex-showroom Price
    ₹ 49.99 Lakh
  • Maserati MCPura
    Maserati
    MCPura
    Ex-showroom Price
    ₹ 4.12 - 5.12 Crore
  • Mahindra Bolero Neo
    Mahindra
    Bolero Neo
    Ex-showroom Price
    ₹ 8.49 - 9.99 Lakh
  • Mahindra Bolero
    Mahindra
    Bolero
    Ex-showroom Price
    ₹ 7.99 - 9.69 Lakh
  • Mahindra Thar
    Mahindra
    Thar
    Ex-showroom Price
    ₹ 9.99 - 16.99 Lakh
  • Citroen Aircross X
    Citroen
    Aircross X
    Ex-showroom Price
    ₹ 8.29 - 13.69 Lakh
  • Maruti Suzuki Victoris
    Maruti Suzuki
    Victoris
    Ex-showroom Price
    ₹ 11.93 - 23.19 Lakh
  • VinFast VF7
    VinFast
    VF7
    Ex-showroom Price
    ₹ 24.23 - 29.57 Lakh
  • VinFast VF6
    VinFast
    VF6
    Ex-showroom Price
    ₹ 19.13 - 21.22 Lakh
  • Citroen Basalt X
    Citroen
    Basalt X
    Ex-showroom Price
    ₹ 7.95 - 13.11 Lakh
Explore Other Topics
Trending NewsCar NewsElectric Car NewsBike NewsComparisonsMotorsportsUpcoming Car News

Trending News

  • Jeep Meridian: Your Most Asked Questions, Answered!
    4 mins read
    Jeep Meridian: Your Most Asked Questions, Answered!
  • TVS Apache RTX Accessories Worth Rs 44,000 Officially Listed
    1 min read
    TVS Apache RTX Accessories Worth Rs 44,000 Officially Listed
  • 2025 India Bike Week Dates Revised
    1 min read
    2025 India Bike Week Dates Revised
  • Toyota Land Cruiser FJ Unveiled: 'Baby LC' 4x4 Is Smaller Than A Fortuner
    4 mins read
    Toyota Land Cruiser FJ Unveiled: 'Baby LC' 4x4 Is Smaller Than A Fortuner
  • India-bound New Audi Q3 Scores 5 Stars In Euro NCAP
    2 mins read
    India-bound New Audi Q3 Scores 5 Stars In Euro NCAP
  • New Hyundai Venue N-Line Spied Undisguised Ahead Of Launch
    2 mins read
    New Hyundai Venue N-Line Spied Undisguised Ahead Of Launch
  • Mahindra Scorpio-N Facelift Spied Testing
    1 min read
    Mahindra Scorpio-N Facelift Spied Testing
  • Ferrari SC40 One-Off Supercar Unveiled As Tribute To Iconic F40
    1 min read
    Ferrari SC40 One-Off Supercar Unveiled As Tribute To Iconic F40
  • TVS Apache RTX vs KTM 250 Adventure vs Suzuki V-Strom SX: Specifications, Features, Prices Compared
    5 mins read
    TVS Apache RTX vs KTM 250 Adventure vs Suzuki V-Strom SX: Specifications, Features, Prices Compared

Latest News

  • NewsNews
  • Expert ReviewExpert Review
View All
  • Jeep Meridian: Your Most Asked Questions, Answered!
    Girish Karkera | Oct 21, 2025
    Jeep Meridian: Your Most Asked Questions, Answered!
    The internet has been asking questions about Jeep’s midsize three-row SUV that competes with the Toyota Fortuner. We answer the top four most searched queries on Google.
    4 mins
  • TVS Apache RTX Accessories Worth Rs 44,000 Officially Listed
    car&bike Team | Oct 21, 2025
    TVS Apache RTX Accessories Worth Rs 44,000 Officially Listed
    The brand is offering GIVI side panniers and top box, front beak, tank guard and more.
    1 min
  • 2025 India Bike Week Dates Revised
    car&bike Team | Oct 21, 2025
    2025 India Bike Week Dates Revised
    The 12th edition of the India Bike Week has been postponed by a week.
    1 min
  • Toyota Land Cruiser FJ Unveiled: 'Baby LC' 4x4 Is Smaller Than A Fortuner
    Amaan Ahmed | Oct 21, 2025
    Toyota Land Cruiser FJ Unveiled: 'Baby LC' 4x4 Is Smaller Than A Fortuner
    The most compact model in the present-day Land Cruiser family, the FJ will make its public debut at the upcoming Japan Mobility Show.
    4 mins
  • India-bound New Audi Q3 Scores 5 Stars In Euro NCAP
    Bilal Firfiray | Oct 20, 2025
    India-bound New Audi Q3 Scores 5 Stars In Euro NCAP
    Set to arrive in India next year, the new-gen Audi Q3 has managed to score a full five stars in the European NCAP crash tests.
    2 mins
  • New Hyundai Venue N-Line Spied Undisguised Ahead Of Launch
    car&bike Team | Oct 20, 2025
    New Hyundai Venue N-Line Spied Undisguised Ahead Of Launch
    The N-Line gets sportier design updates replete with new bumpers, twin-tip exhaust, sportier alloys and a roof spoiler.
    2 mins
  • TVS Apache RTX First Ride Review: Tech-Packed & Adventure Ready
    Preetam Bora | Oct 19, 2025
    TVS Apache RTX First Ride Review: Tech-Packed & Adventure Ready
    TVS enters the growing adventure touring segment with the new Apache RTX with an attractive starting price of ₹ 1.99 Lakh (Ex-showroom). Is it worth considering? Read on, to find out.
    8 mins
  • Eurogrip Tread Talks 2025: Tyre Tales
    Janak Sorap | Oct 17, 2025
    Eurogrip Tread Talks 2025: Tyre Tales
    A factory tour on what goes into making two-wheeler tyres at Eurogrip’s Madurai plant, followed by a scenic ride to Kodaikanal.
    4 mins
  • Royal Enfield Guerrilla 450 Vs Bajaj Dominar 400 Comparison Review
    Preetam Bora | Oct 10, 2025
    Royal Enfield Guerrilla 450 Vs Bajaj Dominar 400 Comparison Review
    Roadster or sport tourer? And to answer that question we have the Royal Enfield Guerrilla 450 in a head-to-head comparison with the 2025 Bajaj Dominar 400.
    1 min
  • Tata Harrier EV Road Test: Big, Bold, and Brilliantly Electric
    Bilal Firfiray | Oct 8, 2025
    Tata Harrier EV Road Test: Big, Bold, and Brilliantly Electric
    We test the new Tata Harrier EV to find out how far it can really go. Real-world range, driving impressions, features, verdict, and everything else. We got you covered.
    5 mins
  • Porsche Macan EV Review: Sharper, Faster, More Serious
    Bilal Firfiray | Oct 3, 2025
    Porsche Macan EV Review: Sharper, Faster, More Serious
    When it comes to making EVs, Porsche knows a thing or two. So when the Macan EV become electric-only in its second-gen, how much of the iconic Porsche DNA does it retain?
    6 mins
  • Home
  • News
  • Cars
  • Renault Board Member Quits Ahead Of CEO Succession Meeting