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Report: Renault to replace CEO over Ghosn ties

Renault SA is looking to replace CEO Thierry Bollore as the executive's close ties with former Chairman Carlos Ghosn could block the carmaker's alliance partnership with Nissan Motor Co. Ltd., the Nikkei Asian Review reported Oct. 9, citing French-language newspaper Le Figaro.

The Paris-based auto manufacturer expects to begin a formal search for Bollore's successor soon, the report said. Renault will explore candidates from inside and outside the company, but it is expected to concentrate on French candidates considering it is one of France's most important businesses, the news outlet added.

Renault Chairman Jean-Dominique Senard and the French government, the company's largest stakeholder, reportedly support the move. The issue may be discussed at a board meeting on Oct. 18, the Nikkei said.

Bollore was named CEO in January when Ghosn resigned. According to the report, executives at both Renault and Nissan saw him as "too close" to Ghosn. He was also reportedly on bad terms with a number of Nissan executives.

The report comes shortly after Nissan named senior vice president Makoto Uchida as its new CEO.

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