Renault Fires Its CEO In Abrupt Leadership Change

Renault Fires Its CEO In Abrupt Leadership Change

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Business

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The board ousted its CEO, Balore, without disclosing reasons, effective immediately. Balore, who became CEO in January, replaced Carlos Cone, who faced legal issues for underreporting income. Over five years, Japanese authorities charged Cone with financial misconduct. Balore's close ties with Goan, a former top executive at Nissan and Mitsubishi, caused dissatisfaction among Nissan executives, as all three automakers are in an alliance.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the reason for the board's decision to oust the CEO?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

When did Balore become the CEO of the automaker?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Who did Balore replace as CEO?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the charges against Goan prior to his arrest?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the relationship between Balore and Goan?

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