France seeks Renault board meeting to replace CEO Ghosn - sources

The French government is moving to dismiss Renault`s scandal-hit Chairman and Chief Executive Carlos Ghosn, and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter told Reuters.

Renault is set to convene a meeting of its nominations committee, followed by a full board session on Sunday Jan. 20, according to three people briefed on the process.

France, Renault`s biggest shareholder, had until now supported its decision to keep Ghosn in office while he awaits trial in Japan for alleged misconduct at Nissan , the French carmaker`s alliance partner he also chaired.

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The move follows a decision by the Tokyo District Court earlier on Tuesday to deny Ghosn`s request for release on bail.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)