Renault board ousts Thierry Bollore as CEO, names Clotilde Delbos as interim chief

Renault has named Clotilde Delbos, the french automaker’s current chief financial officer, as its CEO for an interim period.

Delbos will replace Thierry Bollore who was ousted by the board in a vote on Friday morning with immediate effect. The board also appointed Jean-Dominique Senard as the interim president of Renault.

Shares of Renault were trading more than 3% higher on Friday morning and are down more than 4% year-to-date.

Renault, along with partner Nissan, was in the spotlight after the arrest of its former boss Carlos Ghosn in Tokyo last year on allegations of financial misconduct — a charge that Ghosn has denied.