Jailed Renault boss Carlos Ghosn has stepped down as the French carmaker’s chief executive, according to reports Thursday.
“Carlos Ghosn just resigned last night,” French Economy Minister Bruno Le Maire told Bloomberg at the World Economic Forum in Davos. Renault sources also confirmed the move, according to German news agency DPA.
Renault’s supervisory board is meeting later on Thursday to decide on a replacement. The move could help ease tensions with alliance partner Nissan following Ghosn’s arrest in Japan for alleged financial misconduct.
Japanese authorities accused Ghosn of understating his salary at Nissan by 5 billion yen (€40 million, $44 million) from 2011 to 2015. He denies any wrongdoing.
Before he was detained in November, the 64-year-old served as a top executive at Renault, Nissan and Mitsubish. He was considered a key figure in establishing and then maintaining the alliance.
Ghosn’s removal from Renault had been expected after Le Maire demanded his resignation. The French government owns a 15 percent stake in the company.
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