Experience, not nationality, key for new CEO at France's Renault: minister

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PARIS: Experience in overhauling a company and a track record in industry will be more important than nationality when carmaker Renault chooses a ...

PARIS: Experience in overhauling a company and a track record in industry will be more important than nationality when carmaker Renault chooses a new chief executive, France's junior economy minister said on Tuesday.

"When we had to find the best profile for someone to lead Air France, we got someone who is not French - very well," said Pannier-Runacher, referring to ex-Air Canada boss Ben Smith's appointment last year at the airline, in which Paris also holds a stake. Car companies globally are grappling with slowing auto markets and challenging European emissions regulations, and need to invest in costly new technologies.Renault hired Chairman Jean-Dominique Senard earlier this year from tyre maker Michelin, after former Nissan-Renault alliance supremo Carlos Ghosn's arrest in Tokyo on financial misconduct allegations, which he denies.

The junior minister also said Paris was not against a potential revival of a failed deal to pair Renault up with Fiat Chrysler , which withdrew a merger offer earlier this year.

 

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