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Renault CEO says could step down before term ends

Renault SA CEO Carlos Ghosn could step down as the head of the carmaker before the end of his term in 2022, the executive told the Financial Times in an interview.

Ghosn would, however, remain the chairman of the French company, as well as the CEO and chairman of the alliance between Renault, Nissan Motor Co. Ltd. and Mitsubishi Motors Corp., responsible for driving the three groups toward a single global entity, the news outlet reported June 14.

Ghosn, who took charge as CEO in 2005, told the Financial Times that he does not expect to spend "four more years" in that role.

"You can suspect before 2022 I will stop being CEO of Renault," the executive said in a "Lunch with the FT" interview slated to be published this weekend.

Renault did not immediately respond to S&P Global Market Intelligence's request for comment.