Renault names acting CEO but keeps Carlos Ghosn on payroll

London (CNN Business)Renault appointed an acting chief executive on Tuesday but stopped short of removing Carlos Ghosn as CEO and chairman following his arrest on suspicion of financial misconduct in Japan.

The company said in a statement that it would elevate chief operating officer Thierry Bolloré on an interim basis, giving him the same powers that Ghosn enjoys as CEO. It said independent director Philippe Lagayette would chair board meetings “during this period.”
Ghosn was detained by Japanese authorities on Monday after an internal investigation at Nissan, where he is also chairman, revealed “significant acts of misconduct” over many years.

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