Renault left Carlos Ghosn without a golden parachute

Renault left Carlos Ghosn without a golden parachute

February 14, 2019 0 By autotimesnews

Renault decided not to pay Carlos Gon compensation for his dismissal. The size of the “golden parachute” for the former top manager was about 30 million euros. Reports about it Reuters with reference to the message of the French company. In addition, Renault plans to take away from Gon his shares worth 26 million euros.

“The company’s management made a unanimous decision to refuse a non-competitive obligation signed by Gon, and, therefore, not to pay him the appropriate compensation,” – said in a statement Renault.

Earlier, French Minister of Economy and Finance Bruno Le May said that the former president of Renault, Carlos Ghosn, would not be able to count on receiving a large severance pay. According to the official, the French society will not agree that the payments to the top manager would be excessive.

Former head of Nissan and Mitsubishi Motors Carlos Ghosn, who is under arrest in Japan, left the post of general director of Renault on January 23. At the moment he is in custody in Japan. Local prosecutors accused 64-year-old Gon of tax evasion. For this, he deliberately distorted information about the amount of his own payments. Investigators began investigating a top manager after reports from an anonymous informant inside the auto concern. He has been in prison since November 19, 2018.

Jean-Dominique Senart was appointed new president of Renault on January 24. This decision was made by the board of directors of the concern. One of his tasks in the new post will be the normalization of relations with their partner Nissan. In turn, Thierry Bollore became CEO of Renault. Prior to that, he served as deputy president of the French company.