- Push-out Score determined
- After less than one year in the position
- Clotilde Delbos taking over in the interim
- Search for a successor
(exechange) — Boulogne-Billancourt, France, October 11, 2019 — Thierry Bolloré, chief executive of Renault, leaves. As announced by Renault SA in a news release on Friday, October 11, 2019, Thierry Bolloré leaves his post as Chief Executive Officer at the French automobile manufacturer after less than one year in the role, effective immediately.
Renault will undertake a search for a successor.
Thierry Bolloré’s duties as CEO will be taken over in the interim by Clotilde Delbos, most recently Chief Financial Officer of Renault SA, as interim Chief Executive Officer.
No reason given
In the announcement, Renault did not explicitly explain the reason for Thierry Bolloré’s move.
Precise information regarding Thierry Bolloré’s future plans was not immediately available.
“End the mandate”
Renault said: “The Board of Directors of Renault met today to decide on the Group’s governance. At this meeting, the Board of Directors decided to end the mandate of Mr Thierry Bolloré as Chief Executive Officer of Renault SA and President of Renault s.a.s with immediate effect.”
Share price decline
The announcement follows a decline in Renault SA’s share price of 49% since April 2018.
In the position of CEO since 2019
Thierry Bolloré became CEO of the Company in January 2019.
Born in 1963, Thierry Bolloré holds an MBA from Paris Dauphine University, France.
He began his career in 1990 at Michelin, as Shop Manager at a heavy truck tire plant.
In 1993, he became Chief of Process and Quality Central Group for worldwide heavy-truck plants before taking the head of the Method Group for heavy truck business units in Europe, South America, Africa, and Asia.
In 1997, he moved to Japan as Industrial Assistant of the Michelin’s Ota Passenger Car tire plant, then, to Thailand, in 1998, as Production Manager for Heavy Trucks, before being appointed Managing Director of Truck and Aircraft Businesses.
In 2002, he became global Vice President in charge of Industry for Michelin Aircraft Business.
Thierry Bolloré joined Faurecia in 2005 as Vice President Asia, Exhaust Systems Product Group, based in China, then served as Vice President Worldwide in charge of Marketing, R&D, Programs, Strategy, and Business Development.
In 2010, he moved to Faurecia Emissions Control Technologies as Vice President in charge of Europe and South Africa, prior to becoming Vice President Worldwide in charge of Industry, Quality, and Purchasing.
Thierry Bolloré joined Groupe Renault in September 2012.
He was appointed Executive Vice President for Manufacturing and Supply Chain in October 2012.
In September 2013, he was named Chief Competitive Officer and, on February 19, 2018, became Groupe Renault Chief Operating Officer.
On November 2018, Thierry Bolloré was appointed Deputy Chief Executive Officer.
On January 24, 2019, Thierry Bolloré was appointed Chief Executive Officer.
He was a member of the Groupe Renault Executive Committee and member of the Alliance operating board, among others.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Renault and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 41.2019 ($).