Carlos Ghosn has been re-elected to serve as CEO and Chairman of Renault for another four years.
In a prepared statement, the company announced that “Renault’s board of directors has re-elected Carlos Ghosn as Chairman and Chief Executive Officer for a four-year period, following the renewal of his directorship by the Annual General Meeting of April 30, 2010,” the company said in a statement.
Ghosn is famous for helping to reverse Nissan’s fortunes from a $6.1 billion loss in 2004 to a $2.1 billion profit in 2005. Speaking to the Annual General Meeting for Renault/Nissan, Ghosn stressed that emerging markets were the future of the company stating “We are combining our strengths with Nissan, notably in India, Russia, Brazil and Mexico. The Alliance product strategy has been finalised in India and Russia, and Renault and Nissan will pool their production capacities and platforms there to fully deliver on these developments.”
[Source: Business Standard]