FILE - In this Feb. 12, 2015, file photo, Chairman and CEO of Renault-Nissan Carlos Ghosn addresses media during a press conference held in Paris. The board of French carmaker Renault SA plans to meet to choose new leadership to replace auto industry powerhouse Carlos Ghosn, fighting fraud charges in Japan. (AP Photo/Jacques Brinon, File)

Renault board meeting to replace boss Ghosn, jailed in Japan

January 24, 2019 - 1:36 am

PARIS (AP) — The board of French carmaker Renault is meeting to choose new leadership to replace industry veteran Carlos Ghosn, who resigned after weeks of detention in Japan, where he is fighting charges including breach of trust.

France's finance minister, Bruno le Maire, said Thursday that Ghosn formally handed in his resignation from Renault on Wednesday evening. Le Maire was speaking at the World Economic Forum in Davos, Switzerland.

Ghosn has been detained for more than two months in Japan.

"Our goal from the beginning of this case has always been to preserve Renault's interests and consolidate the alliance between Renault and Nissan," Le Maire said. "The necessary decisions have been made."

The board meeting Thursday is expected to name Jean-Dominique Senard of Michelin as chairman and Renault executive Thierry Bollore as CEO. Ghosn previously held both posts.

Renault SA initially stood by Ghosn after his Nov. 19 arrest, naming temporary leadership.

But the French government, a key Renault shareholder, has pressed for him to be replaced.

Ghosn denies Japanese allegations that he under-reported income as chairman of Nissan and falsifyied financial reports.

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Masha Macpherson contributed to the story from Davos, Switzerland.

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